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Mexico

In May 2016, the EU and Mexico launched the negotiations to modernize the Global Agreement, including rules on trade which are still ongoing. The first round of negotiations followed in June of that year. The most recent round took place in September 2017 in Brussels.

The European Commission has published a series of textual proposals from the negotiations.

Exporter stories

See how the EU-Mexico trade agreement benefits companies and communities across the EU

Read the exporters' stories

Better Regulation Agenda

Modernisation of the trade pillar of the EU-Mexico global agreement

Trade picture

  • In 2016 the EU was Mexico's second-biggest export market after the US. The EU's key imports from Mexico are fuels and mining products, office and telecommunication equipment, transport equipment, and other machinery.
  • The EU was Mexico's third-largest source of imports in 2016, after the US and China. Key EU exports to Mexico include other machinery, transport equipment, chemical products, and fuels and mining products.
  • In terms of services EU imports from Mexico are dominated by travel services, and transport services. EU services exports to Mexico consist mainly of transport services, and telecommunications, computer and information services.

EU-Mexico: Trade in goods

Trade in goods 2014-2016, € billions
Year EU imports EU exports Balance
2014 18.0 28.4 10.4
2015 19.5 33.6 14.1
2016 19.8 33.9 14.1

EU-Mexico: Trade in services

Trade in services 2013-2015, € billions
Year EU imports EU exports Balance
2013 3.7 7.9 4.2
2014 4.0 8.3 4.3
2015 5.0 9.4 4.4

EU-Mexico: Foreign direct investment

Foreign direct investment 2015, € billions
Year Inward stocks Outward stocks Balance
2015 35.4 161.6 126.3

Date of retrieval: 15/02/2017

More statistics on Mexico

EU and Mexico

Modernising the EU-Mexico Global Agreement

In 1997 Mexico was the first country in Latin America to sign an Economic Partnership, Political Coordination and Cooperation Agreement (“Global Agreement”) with the EU.

This Agreement came into force in 2000 and covers political dialogue, trade relations and cooperation. The Global Agreement also includes trade provisions that were later developed into a comprehensive Free Trade Agreement (FTA) covering trade in goods and trade in services, which came into force in October 2000 and 2001, respectively.

Since the EU and Mexico signed the Global Agreement, the European Union has had 13 new members, gradually deepened its internal Single Market and launched a single currency.

Mexico has become one of the world's most dynamic emerging economies, with Gross Domestic Products (GDP) per capita up almost 20% in real terms since 2000.

During the EU-CELAC (Community of Latin American and Caribbean States) Summit of 2013 leaders decided “to explore the options for a comprehensive update of this Economic Partnership, Political Coordination and Cooperation Agreement between the EU and Mexico”. The EU-Mexico Joint Working Group was established and finished its work in June 2015. In parallel, the EU carried out an impact assessment which revealed the gains that could be expected through the modernisation of the Global Agreement.

Trading with Mexico