(Finance) – Political negotiations to update the EU Comprehensive Agreement with Mexico have concluded, following political engagement between the Commissioner for Trade and Economic Security Maroš Šefcovic and the Mexican Minister of Economy Marcelo Ebrard.
“The agreement puts in place an ambitious and modern framework to deepen and broaden EU-Mexico political dialogue, cooperation and economic relations – reads a note from the EU Commission –. It will create new opportunity economical for both parties, including the growth potential for exports agri-food of the EU towards Mexico, while promoting shared values and progressive rules on sustainable development. It will also contain progressive rules to combat corruption in the public and private sectors.”
The agreement defines the common EU-Mexico ambition to promote and protect the rights humansThe multilateralism and international peace and security. The agreement facilitates strategic cooperation on key geopolitical issues, keeping pace with rapidly changing realities. This includes reducing the risks of supply chainsthe guarantee of a supply sustainable Of critical raw materials and the fight against climate change.
“The EU and Mexico are already trusted partners. Now we want to further deepen our cooperation, greatly benefiting our people and our economies – said the President of the European Commission, Ursula von der Leyen –. EU exporters will gain new business opportunities, including our farmers and agri-food companies. This historic agreement demonstrates that open, rules-based trade can foster our prosperity and economic security, as well as climate action and sustainable development. I look forward to working with Chairman Sheinbaum to deliver on the promise of this agreement.”
“The EU’s comprehensive deal with Mexico will break down trade barriers and stimulate investment, supporting job creation and prosperity on both sides. It will open opportunity and will simplify procedures for EU SMEs, it will make it easier for EU companies to bid for Mexican government contracts and improve protection for EU investors. Our dynamic EU trade agenda has once again demonstrated that it can deliver results for our citizens and businesses,” commented Commissioner Šefcovic.