European Union Council Approves Updated Trade Agreement with Mexico
The European Union Council approved the updated trade agreement with Mexico, which includes improved market access, the removal of most tariffs, and expanded opportunities for investment and services. The agreement also aims to protect European geographical indications and strengthen cooperation in digital trade and critical raw materials. More than 45,000 European companies are expected to benefit from the new facilities, with bilateral trade reaching approximately €87 billion in goods and €29 billion in services.
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