LIVE: EU-Mexico trade summit briefing

Elimination of agri-food tariffs

The upgraded agreement removes tariffs on virtually all Mexican agri-food exports to Europe, while EU agrifood exporters will save up to €100 million annually through improved market access.

Expansion into digital and procurement

The modernized text adds provisions for digital trade and public procurement that did not exist in the 1997 original, making it easier for European companies to compete for Mexican government contracts.

Protection of geographical indications

The agreement safeguards iconic products from both regions, including European designations like Gouda and Feta alongside Mexican indications such as Tequila and Tabasco.

€5 billion Global Gateway commitment

The EU will mobilize €5 billion through its Global Gateway strategy for projects in Mexico covering clean energy, digital networks, pharmaceuticals, and circular economy initiatives.

Urban mobility infrastructure

Specific investments include new cable cars for Mexico City and sustainable mobility projects aimed at reducing emissions and improving public transportation.

Job creation scale

European companies already support more than 5 million jobs in Mexico, with the agreement designed to expand opportunities for small and medium-sized enterprises adopting sustainable practices.

Trade and gender equality declaration

Both parties adopted a joint declaration ensuring the trade agreement benefits women and men equally, alongside six new projects worth €80 million to combat violence against women and girls in Mexico.

New security and migration dialogue

Leaders launched a high-level dialogue addressing law enforcement cooperation and root causes of migration, recognizing these as pressing shared challenges between Europe and Latin America.

Climate and rights commitments

The agreement reinforces obligations under the Paris Climate Agreement, deepens human rights cooperation, and reaffirms dedication to multilateralism and global stability.