en.Wedoany.com Reported - The modernization of the global agreement between Mexico and the European Union (EU) will immediately activate tariff reductions on over 90% of bilateral trade and launch joint critical mineral projects. Within the first year of the agreement's entry into force, these measures will also significantly increase EU investment in strategic sectors such as agribusiness, energy, critical minerals, advanced manufacturing, pharmaceuticals, and digital services.
During the Mexico-EU Business Summit, Economy Minister Marcelo Ebrard stated that, in an international environment marked by geopolitical tensions and trade fragmentation, the updated agreement will provide economic certainty for the country over the next 30 to 40 years. Ebrard emphasized that the agreement will boost e-commerce and open the doors to a European market of 450 million consumers for Mexican exports, while strengthening EU participation in artificial intelligence (AI) and data center infrastructure development, key elements for consolidating the "Mexico Plan."
EU Commissioner for Trade and Economic Security, Maroš Šefčovič, pointed out that in the face of global supply chain disruptions, the EU is seeking reliable partners. He detailed that tariff reductions will immediately benefit agricultural products such as coffee and bananas, bringing their tariffs down to zero, and anticipates the launch of up to three joint critical mineral projects within the first year.
COMCE President Sergio Contreras stated that the agreement consolidates an important strategic bridge. He recalled that the EU contributes 24% of Mexico's foreign direct investment (FDI), and bilateral trade has quadrupled since 2000. Finally, he estimated that, supported by this dynamism, Mexico's exports in 2026 could approach 730 billion dollars, setting a record and consolidating its position as a world-class logistics and manufacturing hub.
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