Mexico City — The Council of the European Union has authorized the signing of the Modernized Global Agreement and a Provisional Trade Agreement between Mexico and the European Union, Mexico’s Secretariat of Foreign Affairs announced.
The instruments are scheduled to be signed during the Mexico-EU Summit on May 22 in Mexico City.
Mexican officials described the approval as a significant step toward updating the legal framework that has governed bilateral relations since 2000.
The Modernized Global Agreement establishes a comprehensive legal framework covering three areas: political dialogue, cooperation, and economic relations. The Provisional Trade Agreement covers areas where the EU has exclusive competence, primarily the elimination of nearly all tariffs Mexico still applies to European products, especially agricultural goods.
The deal also includes improved conditions for sectors such as machinery, pharmaceuticals, and transport equipment; updated rules on digital trade, intellectual property, public procurement, and critical raw materials; and guarantees of a level playing field between Mexican and European companies.
EU approval from the Council is a prerequisite for the European Commission and member states to formally sign international agreements.
