This development occurs as global economies aim to reinforce connections amid strained relations with the US due to the Trump administration’s aggressive trade tactics and the conflict in Iran, both contributing to worldwide instability.

Kaja Kallas, the European Union’s High Representative for Foreign Affairs, announced on Thursday that updating the trade accord with Mexico will remove obstacles amid a global trend toward protectionism.

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The revised agreement between Mexico and the EU is set to be signed on Friday. This occurs while the Mexican government engages in talks to adjust the USMCA free trade pact with its top trade partners, the United States and Canada.

«This pact will eliminate the last remaining obstacles to trade and investment, including vital sectors such as raw materials, agriculture, and services,» stated EU foreign policy chief Kaja Kallas during a press briefing with Mexican Foreign Minister Roberto Velasco.

Kallas noted the update will also reinforce supply chains and unlock new prospects that will «enable both economies to compete on a global scale.»

«The EU ranks as Mexico’s third-largest trading partner. In the past ten years, our trade has increased by 75%,» she added.

The formal signing is planned for Friday in Mexico City, with President Claudia Sheinbaum and European Commission President Ursula von der Leyen attending.

In 2025, Mexico imported nearly $67 billion (€57.7 billion) in goods from Europe and exported approximately $28 billion (€24.1 billion) in return.

Additional sources • AFP