Mexico is accelerating efforts to diversify its trade partnerships as U.S. tariff pressures mount, with President Claudia Sheinbaum's administration prioritizing modernization of its EU trade agreement. This strategic pivot follows recent deals with Asian partners, signaling a reshuffle in global economic alliances.
Analysts note Mexico's proactive approach reflects growing geopolitical shifts, with emerging markets increasingly hedging against unilateral trade policies. The EU-Mexico talks aim to expand digital trade provisions and sustainable energy cooperation – key priorities for tech-driven industries.
Trade between Mexico and the EU reached €77.7 billion in 2023, with automotive and agricultural sectors driving growth. Updated terms could position Mexico as a strategic bridge between European innovation and North American markets.
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Tariff threat pushes Mexico to grow trade ties with European Union
cgtn.com
