EU and Mexico Sign Trade Agreement to Eliminate Import Duties on Key Products
The European Union and Mexico have finalized a trade agreement that will remove import duties on a variety of products, including meat, dairy, confectionery, and wine. This agreement, part of the Modernised Global Agreement (MGA) and interim Trade Agreement (iTA), aims to boost trade and investment between the two regions. The EU is Mexico's second-largest foreign investor and third-largest trading partner. The agreement, which has been in negotiation since 2016, will now require ratification by the EU member states and the European Parliament, while Mexico will follow its own ratification procedures. The deal will see tariffs on EU exports to Mexico, such as dairy products, poultry, pork, and wine, reduced to zero. Additionally, European geographical indications like Parma ham and Rioja wine will be protected. 
