DÉCRYPTAGE – A new trade agreement and strategic partnership were signed on Friday in Mexico. The text provides for a progressive elimination of customs duties on the vast majority of agricultural products.
The European Union is continuing to diversify its international partnerships in an attempt to offset the destabilization of trade caused by Donald Trump’s policies. Following a strategic partnership with Canada, European Union leaders Ursula von der Leyen and Antonio Costa visited Mexico on Friday. For this first bilateral summit in eleven years, they were expected to sign a new modernized trade agreement and a comprehensive strategic partnership with President Claudia Sheinbaum. The Mexican head of state did not hesitate to challenge the American president in their dispute over customs duties.
The new trade agreement follows the one signed in 2000, which led to an almost fourfold increase in trade. Mexico is the European Union’s second partner in Latin America, after Brazil, with trade amounting to 87 billion euros in goods in 2025 and 29.7 billion euros in services in 2024, with a significant surplus.
[Context: The article discusses a new trade agreement and partnership signed between the European Union and Mexico.] [Fact Check: The article mentions the background and significance of the agreement, highlighting the economic ties between the EU and Mexico.]
