Mexico and EU Finalize Revamped Trade Deal Ahead of Trump's Return to Office

The updated agreement modernizes a 25-year-old trade pact, expanding market access and reducing tariffs as both parties prepare for potential U.S. trade policy shifts.

• The European Union and Mexico announced a modernized trade agreement, updating a deal originally established in 2000 to include services, investment, and agricultural products.
• The agreement significantly reduces tariffs on European agri-food exports to Mexico, including cheese, pork, wine, and chocolate, while easing export procedures for both sides.
• Mexico gains improved access to European markets for products such as orange juice, tuna, asparagus, honey, and meat, while also securing recognition for its geographical indications on certain goods.
• The deal comes days before U.S. President-elect Donald Trump, who has threatened sweeping tariffs on both Mexico and the EU, is set to take office, highlighting concerns over protectionist trade policies.
• European automakers, a key beneficiary of the agreement, will enjoy reduced tariffs and streamlined rules, enhancing their competitive position in Mexico's market.

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