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Updated · Bloomberg · May 22EU, Mexico Sign Updated 2000 Trade Pact to Ease Services and Secure Raw Materials
11 articles · Updated · Bloomberg · May 22
- Ursula von der Leyen and Antonio Costa are set to formalize an updated EU-Mexico trade agreement in Mexico City with President Claudia Sheinbaum.
- The pact refreshes a trade framework dating from 2000, adding measures to make services trade easier between the EU and Mexico.
- It also aims to strengthen raw-material supply chains, giving the deal added strategic weight beyond tariff-cutting and market access.
- The agreement was reached last year, and the signing marks the latest step in deepening EU economic ties with Mexico.
With US trade policy in flux, can this new EU pact secure Mexico's future as a global manufacturing hub? As Europe secures access to Mexican lithium, will this deal ignite a new resource competition in North America?