Once in force, the EU-Mexico modernised global agreement (MGA) will replace the current framework and increase EU agri-food exports by removing high tariffs, make it easier for EU companies to bid for government contracts in Mexico and strengthen the protection of climate and labour rights through enhanced cooperation and enforceable commitments.

It will also provide extra benefits for small businesses through simplified standards and procedures and allow more secure supply of materials critical for the green and digital transitions.

MEPs endorsed the MGA with 67 votes to 15, with three abstentions.

Lower tariffs and protection of EU agri-food products

In the accompanying resolution, adopted by 57 votes to 14, with 13 abstentions, MEPs stress that under the most ambitious scenario, total EU exports of goods and services could increase by 75%, while EU companies could save up to €100 million annually in customs duties. They note that the MGA would remove almost all remaining…