Mexico, EU sign stalled trade deal as they aim to diversify from US
Mexico and the European Union signed a long-stalled free trade agreement on Friday as they seek to decrease dependence on the U.S. and partially insulate themselves from U.S. President Donald Trump's tariffs.
The accord, which they reached broad agreement on in 2025 but have delayed signing, expands a Mexico-EU trade accord from2000, which covered only industrial goods. The new pact adds services, government procurement, digital trade, investment and farm produce.
Mexico's President Claudia Sheinbaum, European Commission President Ursula von der Leyen and European Council President Antonio Costa are to sign the deal in Mexico City in their first summit in over a decade.
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