A modernised EU-Mexico Global Agreement.
- Thu, February 06, 2025
- 1 minuten leestijd
Modernised EU-Mexico Global Agreement: Strengthening trade ties with a key partner
Mexico is the EU's second-largest trading partner in Latin America and ranks as the 12th largest economy globally, highlighting its pivotal role in European trade relations. The original EU-Mexico Global Agreement, established in 2000, required an update to align with rapidly changing trade dynamics. Negotiations for this modernisation started in 2016, during Trumps first term as U.S. President.
Key benefits of the modernised EU-Mexico Global Agreement
The revised agreement establishes a modern and ambitious framework aimed at expanding cooperation, political dialogue and economic relations.
A few of the key developments include:
- Reduced non-tariff barriers: Removing restrictive Mexican regulations on EU food products.
- Tariff elimination: Eliminating tariffs as high as 100% on key EU export products like cheese, pasta, and wine.
- Enhanced green and digital collaboration: Improving cooperation and supply chains for raw materials crucial for the green and digital transitions.
- Improved market access: Securing enhanced access to the services market for businesses.
- Investment protection: Strengthening safeguards for European investments in Mexico.
- SME support: Facilitating greater trade and investment opportunities for small and medium-sized enterprises (SMEs).
EU-Mexico Global Agreement: A commitment to open trade amid global challenges
The EU and Mexico are strengthening their partnership at a time of global uncertainty. This significant development in their agreement highlights their shared commitment to fostering open trade and has the potential to promote greater economic stability on a global scale.
What does this mean for your business?
As a full-service customs service provider, we are committed to helping businesses navigate the changes brought by the modernised EU-Mexico Global Agreement. This agreement presents new opportunities for various business categories:
The improved market access and enhanced cooperation in raw materials for green and digital industries mean more efficient supply chains. We assist with origin certification, customs warehousing, and classification of goods to help optimise your operations.
Contact us today
With the elimination of tariffs on key EU exports like cheese, pasta, and wine, as well as reduced non-tariff barriers, businesses trading with Mexico can benefit from lower costs and streamlined customs procedures. We provide customs clearance, duty optimisation, and regulatory compliance services to ensure smooth cross-border trade.
Strengthened investment protections and trade opportunities for SMEs make Mexico an attractive market for European businesses. We offer customs consultancy, risk assessment, and tailored trade solutions to help you expand confidently.
Contact us todayModernised EU-Mexico Global Agreement: Quick links
Advice and support on the modernised EU-Mexico Global Agreement
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