EU and Mexico reach new agreement on trade

The European Union and Mexico reached last Saturday, 21 April, a new agreement on trade, part of a broader, modernised EU-Mexico Global Agreement. The agreement in principle brings the EU’s trade relationship with Mexico into the modern era, tearing down most of the remaining barriers to trade.

European Commission President Jean-Claude Juncker said: “Trade can and should be a win-win process and today’s agreement shows just that. With this agreement, Mexico joins Canada, Japan and Singapore in the growing list of partners willing to work with the EU in defending open, fair and rules-based trade.” Commissioner for Trade Cecilia Malmström added: “In less than two years the EU and Mexico have delivered a deal fit for the economic and political challenges of the 21st century. We now open a new chapter in our long and fruitful relationship, boosting trade and creating jobs.” Commissioner for Agriculture, Phil Hogan, said: “This deal is very positive for our agri-food sector, creating new export opportunities for our high-quality food and drink products, which in turn will create support more jobs and growth, particularly in rural areas.” The agreement – once finalised and approved – will benefit both companies and consumers across Europe and advance the EU’s values-based trade policy agenda. For more information see the press release, MEMO and a joint statement from Saturday, as well as the dedicated webpage with factsheets, exporters’ stories and the text of the agreement in principle(to be published soon). A press conference by Commissioner Malmström and Commissioner Hogan can be watched online.