On 17 January 2025, Mexico and the
European Union (EU) announced the final signing of the modernization of their
Free Trade Agreement. This deal, which has been in negotiation for several
years, aims to foster economic collaboration, promote sustainability, and
strengthen global supply chains.
Key Benefits of the New Agreement
The modernized treaty offers extensive
business opportunities and supports the ecological and digital transitions in
both regions by:
• Boosting
service exports: Enhancing sectors such as financial services,
transport, e-commerce, and telecommunications.
• Strengthening
supply chains: Improving the competitiveness of European
industries through access to critical raw materials.
• Ensuring
fair conditions: Eliminating non-tariff barriers and promoting
the protection of intellectual property rights.
• Access
to public contracts: EU companies will be able to participate
in Mexican government tenders on equal terms with local businesses.
• Protecting
investments: Strengthening and safeguarding European
investments in Mexico.
• Encouraging
digital transition: Introducing a specific chapter on digital
trade to drive technological growth.
• Promoting sustainability:
Supporting the circular economy, including standards to encourage the reuse and
repair of goods.