Global Daily Tax News, EU, Mexico Sign New Free Trade Deal, (Jun 1, 2026)

The EU and Mexico have signed a new Modernised Global Agreement (MGA) and interim Trade Agreement (iTA).

The agreement will build on the EU-Mexico trade agreement of 2000. Among other things, tariffs will be significantly reduced or removed on agricultural products and food.

Under the deal, duty-free access will be provided, within quotas, to pasta (currently subject to tariffs of up to 20 percent), chocolate and confectionary (with tariffs exceeding 20 percent), blue cheeses (up to 20 percent), potatoes (up to 20 percent), apples and canned peaches (up to 20 percent), eggs (with a current tariff of 45 percent), pork products (up to 45 percent, with the exception of pork loins), and economically relevant poultry products (up to 100 percent).

The European Commission said the agreements will help strengthen political dialogue and cooperation between the EU and Mexico, creating opportunities in areas such as trade, investment, and clean technologies, while reinforcing supply chains and supporting climate goals.

The agreements will enter into force once both parties have completed their respective ratification procedures.