The European Commission announced that, at the eighth EU-Mexico Summit, the EU and Mexico signed the Modernised Global Agreement and an interim Trade Agreement, deepening political and economic cooperation and updating their trade framework. The package is intended to expand trade and investment in a relationship already worth EUR 100 billion a year, with new openings in services including financial services, public procurement, e-commerce and critical raw materials supply chains, alongside binding commitments on labour rights, environmental protection, climate change and responsible business conduct. The trade package includes broader opportunities for the EU agricultural sector, protection in Mexico for 232 spirits and 336 additional European geographical indications on wines, beers and food, equal footing for EU firms in Mexican government contracts, simpler business rules, stronger regulatory cooperation, fewer digital trade barriers and reinforced intellectual property protections. The summit also established a ministerial Strategic Dialogue as a permanent mechanism for consultation and coordination on international and regional issues, relaunched the EU-Mexico Digital Dialogue, and reaffirmed a Global Gateway investment agenda facilitating more than EUR 5 billion in European-supported investment across sectors including energy, transport, health, water, agriculture and digital connectivity. Following signature, the EU and Mexico will now follow their respective ratification procedures. On the EU side, the Modernised Global Agreement requires ratification by all Member States under national procedures, while the interim Trade Agreement follows EU-only ratification, requiring European Parliament consent and a Council decision before entry into force, and will expire once the broader agreement enters into force.
European Commission2026-05-22
European Commission says EU and Mexico signed modernised global and interim trade agreements with wider services and procurement access
The European Commission announced that the EU and Mexico signed a Modernised Global Agreement and an interim Trade Agreement at the eighth EU-Mexico Summit, updating their trade framework and expanding openings in services, public procurement, e-commerce and critical raw materials supply chains, alongside binding commitments on labour, environment, climate and responsible business conduct. The package strengthens protections for EU agricultural products and geographical indications, enhances regulatory cooperation, reduces digital trade barriers and reinforces intellectual property protections. The Modernised Global Agreement requires ratification by all EU Member States, while the interim Trade Agreement follows EU-only ratification and will expire once the broader agreement enters into force.