The EU and Mexico have agreed a long-delayed trade deal as they seek to reduce their reliance on the US days ahead of Donald Trump’s return to the White House.
After nine years of negotiations, the two sides on Friday said they will modernise their existing agreement. The announcement comes just weeks after Trump threatened them with tariffs and follows a similar trade deal between the EU and the South American trade bloc Mercosur in December.
“This landmark deal proves that open, rules-based trade can deliver for our prosperity and economic security, as well as climate action and sustainable development,” said Ursula von der Leyen, president of the European Commission.
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