Mexico and the EU Sign Modernized Global Trade Agreement
Mexico and the EU have signed the Modernized Global Agreement (MGA), updating their trade framework after twenty years, aimed at eliminating trade barriers and strengthening digital trade and supply chain integration.
What are the key facts?
- 1Agreement content: expand market access, digital trade rules
- 2Impact: eliminate trade barriers
What happened?
Mexico and the EU have officially signed the Modernized Global Agreement (MGA) and a temporary trade agreement (ITA), updating the framework of their economic relationship maintained for over twenty years. The new agreement aims to expand market access for industrial and agricultural products and introduce modern rules for digital trade, public procurement, and investment cooperation.
What does this mean for cross-border sellers?
Sellers involved in cross-border trade between Mexico and the EU should pay attention to changes in tariff reductions and origin rules to optimize their supply chain layout.