Mexico, EU to sign stalled trade deal as they aim to diversify from US
Mexico and the European Union are set to sign a long-delayed free trade agreement aimed at reducing dependence on the U.S. The deal expands upon a previous accord from 2000, now including services and agricultural products. This agreement is seen as a significant geopolitical move amid ongoing trade tensions with the U.S.
- ▪Mexico and the EU will sign a free trade agreement to diversify exports away from the U.S.
- ▪The new pact expands a previous agreement from 2000 to include services, digital trade, and agricultural products.
- ▪Mexico's economy ministry estimates the agreement could boost exports to the EU from $24 billion to $36 billion by 2030.
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Mexico, EU to sign stalled trade deal as they aim to diversify from USSign up now: Get ST's newsletters delivered to your inboxEuropean Commission President Ursula von der Leyen arrives for a meeting of the College of European Commissioners in Brussels, Belgium, May 6, 2026. REUTERS/Yves HermanPublished May 22, 2026, 08:04 PMUpdated May 22, 2026, 08:04 PMMEXICO CITY, May 22 - Mexico and the European Union are set to sign a long-stalled free trade agreement on Friday as they seek to decrease dependence on the U.S. and partially insulate themselves from U.S. President Donald Trump's tariffs.The accord, which they reached broad agreement on in 2025 but have delayed signing, expands a Mexico-EU trade accord from 2000, which covered only industrial goods.
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