The European Commission has put forward its proposals to the Council for the signature and conclusion of the EU-Mercosur Partnership Agreement (EMPA) and the EU-Mexico Modernised Global Agreement (MGA). These landmark deals form a critical part of the EU's strategy to diversify its trade relations and strengthen economic and political ties with like-minded partners around the world.
These partnerships will create billions of euro's worth of export opportunities for EU companies of all sizes, contribute to economic growth and competitiveness, support hundreds of thousands of European jobs, and promote EU interests and values. They will strengthen value chains, and help the EU to widen its range of reliable sources for critical inputs and raw materials. In a time of growing geopolitical instability, these agreements bind us closer to strategically important partners, providing a shared platform to strengthen mutual trust and tackle shared global challenges, including the modernisation of the rules-based global trading system.
Both agreements reaffirm our joint commitment to human rights, multilateralism and international peace and security. They will also reinforce our engagement on key issues such as sustainable development, transnational organised crime, and migration.
