The modernization of the EU’s Global Agreement with Mexico is divided into two instruments to expedite its implementation: the Modernized Global Agreement, which covers political dialogue, cooperation and investment, and the Interim Trade Agreement, which focuses exclusively on trade liberalization under exclusive EU competence.
The EU Council authorized the signing on May 11, 2026. Presidents Claudia Sheinbaum and Ursula von der Leyen are expected to sign the agreements on May 22, 2026.
The ICA will enter into force after obtaining the consent of the European Parliament, as it does not require the approval of the national parliaments of the Member States. The AGM, being a “mixed” agreement, requires ratification by all 27 EU Member States. Once ratified, the AGM will replace the ICA in its entirety.
Mexico has opened its public procurement market to EU companies to a greater extent than any other trading partner.
The agreement establishes higher standards of protection than those of the WTO (TRIPS).
In complex sectors such as machinery, products are often manufactured with thousands of parts from different countries. If the rules are very strict or bureaucratic, companies find it difficult and costly to certify that the product is European, so they often end up paying the full tariff to avoid the paperwork.
The new agreement revises and relaxes these standards to adapt them to the current needs of the industry.
Mexico is the 7th largest export destination for the sectors represented by amec, with 319.5 million euros in 2025. After a cycle of sustained growth between 2022 and 2024, the year 2025 saw a correction, although with disparate behavior between sectors. Packaging machinery and food machinery and technology stand out as the most dynamic sectors, with sustained growth throughout the period.
From the perspective of amec member companies, Mexico is also one of the most relevant markets in terms of establishment: it is the 2nd country in the world with the most established companies, only behind the United States, with 46 companies present. In the ranking of priority markets for 2026, it ranks 3rd.
The modernization of the EU-Mexico Global Agreement therefore comes at an opportune moment to consolidate and expand a trade relationship that for Spanish industry is already clearly structural in nature.