DECRYPTION – A new trade agreement and strategic partnership were signed Friday in Mexico. The text provides for a gradual elimination of customs duties on the vast majority of agricultural products.
The European Union is continuing its diversification of international partnerships to try to compensate for the destabilization of trade driven by Donald Trump’s policies. After a strategic rapprochement with Canada, the leaders of the European Union, Ursula von der Leyen and Antonio Costa, visited Mexico on Friday. For this first bilateral summit in eleven years, they were to sign, with President Claudia Sheinbaum, a new modernized trade agreement and a global strategic partnership. The Mexican head of state did not hesitate to stand up to the American president in their clash over customs duties.
The new trade agreement succeeds the one signed in 2000, which led to an almost quadrupling of trade. Mexico is the second partner of the European Union in Latin America, behind Brazil, with trade of 87 billion euros in goods in 2025 and 29.7 billion euros for services (in 2024), with a large surplus…
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