Modernized Global Agreement Signed at the VIII Mexico–European Union Summit

President Claudia Sheinbaum, together with her European Union counterparts - António Costa, President of the European Council, and Ursula von der Leyen, President of the European Commission - presided over the VIII Mexico-European Union Summit at the National Palace.

In the presence of the ambassadors of the EU member states in Mexico, as well as representatives of the European Parliament and the Mexican Congress, the leaders signed the Mexico-European Union Modernized Agreement on Economic Partnership, Political Coordination and Cooperation (Modernized Global Agreement). They also witnessed the signing of the Interim Trade Agreement and a Letter of Intent for political and strategic dialogue, consultation and coordination on global affairs between Mexico and the European Union, signed by Foreign Secretary Roberto Velasco and the High Representative for Foreign Affairs and Vice President of the European Commission, Kaja Kallas. A joint Summit declaration was also adopted.

On the political front, the Agreement updates the strategic partnership, in force since 2009, expanding the dialogue to include emerging technologies, artificial intelligence, and innovation. These dialogues will also take place at the parliamentary level and, for the first time, will be open to civil society.

On the economic front, the signing of the Modernized Global Agreement marks a turning point by opening up new trade and investment opportunities, through the adoption of a forward-looking regulatory framework that will give greater certainty to economic actors in Mexico and Europe.

It will enter into force once ratified by the European Parliament, the legislatures of EU member states, and the Mexican Senate.

The Modernized Global Agreement will support the diversification of Mexico's international relations. It will eliminate tariffs on 86% of agricultural goods, protect iconic Mexican products through "geographical indications," and ease specific rules of origin, particularly in the automotive, aerospace, and chemicals sectors. It will also establish an investment court for dispute settlement.

Business leaders from both sides took part the previous day in a Business Summit organized by the Mexican Foreign Trade Council (COMCE). The leaders took note of European investment in Mexico, which in 2025 totaled close to 10 billion dollars.

The European Union is currently Mexico's second-largest foreign investor and, as a bloc, the country's third-largest trading partner.