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Mexico, EU sign stalled trade deal as they aim to diversify from US

Alberto Fajardo, Liamar Ramos/Reuters

24 May 2026


Mexico and the EU have finally signed a modernized free trade deal in Mexico City — a strategic move to reduce reliance on the US. The expanded pact now covers services, digital trade, investment, and agriculture. Leaders called it a “geopolitical declaration” to boost jobs and diversify supply chains. Next stop: European Parliament ratification.

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