Post by : Badri Ariffin

At the 8th EU-Mexico Summit in Mexico City, the European Union and Mexico have established new trade agreements that aim to bolster their economic and political connections.

Ursula von der Leyen, President of the European Commission, noted that upwards of 11,000 European firms operate within Mexico, generating over five million direct and indirect jobs.

She emphasized the significant economic bond between Europe and Mexico, mentioning that the EU stands as the second-largest market for Mexican exports.

The signing of the Modernised Global Agreement (MGA) and the interim Trade Agreement (iTA) signifies a pivotal advancement in their enduring partnership. These agreements are anticipated to enhance trade levels, draw in additional investments, and create fresh opportunities for both businesses and workers.

Post-ceremony, von der Leyen affirmed the commitment of both parties to maintaining a close strategic partnership, sharing a unified vision moving forward.

She asserted that these modernized agreements are set to increase trade and investment, bolster job creation, support economic growth, and enhance collaboration across various policy areas.

As global economic uncertainties rise, the agreements reflect a mutual aim to strengthen cooperation and economic stability through enhanced international collaborations.

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