Singapore’s primary Chinese language newspaper Lianhe Zaobao recently reported that, Mexico and the European Union just signed a trade agreement aimed at reducing tariffs on each other’s goods, with both sides hoping to reduce their dependence on trade with the United States. This agreement is an extension of the 2000 Mexico-EU trade agreement.
Mexican President Jacques Sinbaum emphasized that “exploring other areas” is crucial as both Mexico and the European Union face tariff offensives from U.S. President Donald Trump. The EU is Mexico’s third-largest trading partner, after the U.S. and China.
The new agreement eliminates most trade and investment barriers while promoting trade in auto parts. The auto parts industry is most affected by U.S. tariff policies. Mexico has agreed to recognize and protect the geographical signs of hundreds of food and beverage products originating from specific regions of the European Union, meaning these products are protected from counterfeiting. The new agreement also reduced tariffs on more products and granted tariff-free access to pasta, chocolate, potatoes, canned peaches, eggs, and certain poultry products.
Source: Lianhe Zaobao, May 23, 2026
https://www.zaobao.com.sg/news/world/story20260523-9094830