At the 8th EU-Mexico Summit in Mexico City, new trade agreements were signed to fortify economic and political connections between the European Union and Mexico.
European Commission President Ursula von der Leyen revealed that over 11,000 European firms are currently operational in Mexico, contributing to more than five million direct and indirect jobs in the nation.
Von der Leyen emphasized the robust economic synergy between Europe and Mexico, noting that the EU ranks as the second-largest destination for Mexican exports.
The parties finalized the Modernised Global Agreement (MGA) and the interim Trade Agreement (iTA), representing a significant advancement in their long-standing alliance. These pacts are anticipated to enhance trade, draw in more investments, and unlock fresh prospects for both enterprises and labor forces.
Following the signing ceremony, von der Leyen reiterated the commitment of the EU and Mexico to maintaining a close strategic partnership, sharing a unified vision for their future.
She asserted that the newly modernized agreements would facilitate increased trade and investment, bolster job creation, stimulate economic growth, and deepen cooperation across multiple policy fields.
As global economic uncertainty rises, these agreements aim to expand collaborative efforts and enhance economic stability through strengthened international alliances.
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