07/07/2026 - "The EU and Mexico are drawing closer together with the new trade agreement at just the right time. Mexico is by far the most important destination for German exports to Latin America and offers further growth opportunities. By simplifying services, agricultural trade, and public procurement, the agreement can help strengthen European companies' diversification efforts, enhance planning security, and open up new business opportunities. 

To continue supporting companies in the face of geopolitical challenges, the EU should also advance other agreements promptly. The agreements with India, Indonesia, and Australia should be ratified and implemented as soon as possible. Negotiations with the Philippines, Thailand, and Malaysia are still in their infancy, but these should now be purposefully moved towards a conclusion. 

At the same time, the German economy is watching the renegotiations of the US-Mexico-Canada Agreement (USMCA) with growing concern. The expiration of this agreement would significantly impact German companies, as the German economy relies on the tightly integrated supply chains in North America. A stronger encroachment on the hitherto independent trade policies of Mexico and Canada by the USA could complicate market access for European and German companies. Already, increased steel tariffs in the countries are causing trade barriers, partly affecting trade with the EU. The EU must insist on compliance with agreed treaties here and advocate for fair conditions."

Background:

In 2025, Germany exported goods worth €15.6 billion to Mexico, with imports from Mexico amounting to €9.5 billion. This places Mexico at rank 24 among Germany's most important global trading partners.