EU, Mexico sign revamped trade deal amid Trump-era tensions

The EU and Mexico signed a revamped trade agreement on Friday at a summit in Mexico City, attended by Commission President Ursula von der Leyen and President of the European Council António Costa.

The signing follows the conclusion of negotiations on the renewed trade deal in January 2025. The original entered into force in 2000.

“It will be our first summit in more than a decade, and at the moment, when the international order is taking a heavy beating, this is about more than just trade. It is a geopolitical statement,” the EU’s top diplomat Kaja Kallas said on Thursday ahead of the summit.

The EU exports €53 billion in goods and €20.3 billion in services to Mexico, according to European Commission data, making Mexico one of its main trading partners in Latin America, alongside Brazil.

While the bloc is also an important partner for Mexico – its third largest – it still trails far behind Washington, the country’s main trading partner, with 80% of Mexican exports…