Italian
The European Parliament renews its agreement with Mexico City focusing on ecological transition, procurement, and the protection of quality agri-food products. Polato (FdI-Ecr): “Strengthening relations with the second largest economy in Latin America”
Historic turning point in Strasbourg for the economy and international diplomacy. The Eurochamber has expressed a favorable opinion on the text that reshapes trade flows and political ties between the Old Continent and the Central American state, focusing on sustainable development, market openness, and the protection of origin trademarks.
“The agreement voted today represents an important step in modernizing the partnership between the EU and Mexico, replacing the current framework established in 2000 and reflecting the positive evolution of bilateral relations into a global strategic partnership. It strengthens the presence of the European Union in Latin America, while simultaneously opening new market and investment opportunities,” explains parliamentarian Daniele Polato, coordinator of the ECR Group in the International Trade Committee (INTA) in Strasbourg.
A market of 131 million consumers
The country stands out as a crucial partner for Europe, backed by a solid industrial base and a rapidly expanding demographic fabric, making it an exceptional destination for our exports.
“Mexico is the second largest economy and the second largest trading partner of the EU in Latin America, with a population of 131 million inhabitants. Bilateral trade is already substantial, with over 82 billion euros in goods and nearly 26 billion euros in services. More than 45,000 EU companies are already exporting to Mexico, the vast majority of which are SMEs,” says Polato.
Industrial autonomy and ecological transition
The new agreement aims to dismantle global monopolies on raw materials and to facilitate the penetration of European companies into key sectors of the future.
“The agreement we voted on is a winning one, as it will help Europe and Mexico by strengthening political and trade cooperation with a friendly country that shares our values and culture,” continues the European Parliament member. “Firstly, it will enhance cooperation for the green and digital transition. Subsequently, the agreement will provide better access to Mexican public procurement, new opportunities in strategic sectors such as finance, digital, transportation, and critical materials, the latter being crucial to reduce our dependence on less reliable third-party suppliers.”
More protections for agriculture and Italian excellence
The agreement also establishes a legal shield for European food and wine products, fitting into a market context that is heavily dependent on foreign goods and often vulnerable to counterfeiting.
“Finally, the benefits for European agriculture: Mexico is a net importer of food products. With the new agreement, Mexico will protect many spirits and just as many European geographical indications on wines, beers, and food products. This aspect is also fundamental for Italian agriculture; with agreements of this kind, beneficial for both partners, European trade is concretely strengthened and the Made in Europe is truly defended and promoted,” concludes Polato.
