On 8 July 2026, the European Parliament gave its green light to two agreements modernising the EU-Mexico relationship: the modernised global agreement (MGA) and an interim trade agreement (iTA). The MGA, endorsed by 479 votes to 119 with 65 abstentions, replaces the 2000 framework and covers political cooperation, trade, and sustainable development. The iTA, approved by 474 votes to 131 with 60 abstentions, brings forward the trade provisions that fall under exclusive EU competence, such as tariff cuts and protection of geographical indications, without waiting for full ratification of the MGA by all member states.
The agreements, signed on 22 May 2026, aim to boost EU exports significantly. In a resolution accompanying the MGA, adopted by 388 votes to 161 with 120 abstentions, MEPs noted that under the most ambitious scenario total EU exports of goods and services could increase by 75%, and EU companies could save up to €100 million annually in customs duties. The deal removes almost all remaining tariffs, benefiting EU farmers and agri-food exporters—Mexican tariffs on products like cheese and pork currently reach up to 45%. It also protects 568 EU geographical indications for traditional food and drink products in Mexico.
MEPs stressed the strategic importance of the partnership in defending the rules-based international order and multilateralism. The MGA includes binding commitments to democratic principles, the rule of law, and human rights, and reinforces dialogue on protecting civil society actors, journalists, and human rights defenders. It also enhances cooperation on judicial independence, good governance, transparency, and joint actions against corruption, money laundering, and organised crime.
On public procurement, MEPs highlighted that the agreement gives EU bidders unprecedented access to procurement markets in 14 Mexican states and a broader range of public contracts. They called for further efforts to expand access to all Mexican states and welcomed that procuring entities can consider environmental and social factors in procurement procedures.
The Council must formally conclude the MGA, after which it requires ratification by all EU member states and Mexico to enter fully into force. The Council can also conclude the iTA, which will enter into force on the first day of the second month after both parties notify completion of internal procedures.
EU agri-food exporters gain from tariff reductions and protection of geographical indications, boosting competitiveness. EU firms in sectors like machinery, chemicals, and services benefit from lower tariffs and expanded public procurement access, potentially increasing exports. Mexican consumers may see lower prices and more choice, but domestic producers face increased competition from EU imports. EU taxpayers are not directly affected, as the deal is trade-liberalising and does not involve EU budget transfers.