Sheinbaum presented the agreement as a strategic move to attract investment, expand exports and open a new stage of cooperation in sectors that are vital to the Mexican economy.
Relations between Mexico and the European Union took a decisive step forward after the signing of the modernized Global Agreement and an interim trade accord at the National Palace.
The president said the new framework will strengthen bilateral trade, attract productive capital and reinforce industries such as clean energy, pharmaceuticals, electric mobility and artificial intelligence.
Claudia Sheinbaum said this update does not compete with the USMCA review and described it as an additional path to diversify economic opportunities.
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From Brussels, Ursula von der Leyen said the agreement will remove nearly all tariffs on Mexican agri food exports and mobilize five billion euros through Global Gateway.
The announced resources will support solar and wind energy projects, sustainable mobility, digitalization, pharmaceutical networks and circular economy initiatives, according to information shared during the summit.
António Costa described the agreements as a significant geopolitical signal at a time of international uncertainty, trade tensions and shifting alignments among major economies.
For Mexico’s export sector, access to a market of more than 450 million consumers represents an important opportunity to increase sales and gain ground in higher value segments.
Among the products with the strongest prospects are coffee, honey, lime, banana, sugar, asparagus and processed foods, all of which would face more favorable conditions for entering the European market.
The modernization also brings advantages for manufacturing, digital services, the pharmaceutical industry, public procurement and supply chains linked to the green and technological transition.
Analysts believe the understanding could reduce Mexico’s trade dependence on the United States and give the country a broader platform to grow in alternative markets.
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The agreement also updates customs rules, digital trade chapters and mechanisms designed to make it easier for small and medium sized companies to participate in bilateral exchange.
The European Union is already Mexico’s third largest trading partner and one of the main sources of foreign investment, so this update seeks to deepen an already established relationship.
The challenge now will be to turn the announcement into concrete results in jobs, innovation, infrastructure and competitiveness so that the new bond with Europe delivers visible benefits.
