MEXICO

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.