MEXICO CITY (AP) — Mexico and the European Union reached a deal to update their nearly 20-year-old free trade agreement on Saturday, including the elimination of tariffs on a number of Mexican agricultural products. President Enrique Pena Nieto, who arrived in Hannover, Germany, in the afternoon to begin a five-day tour of three European nations, said via Twitter that the "agreement in principle" was struck in Brussels. "The modernization of this instrument broadens our markets and consolidates us as priority partners of one of the most important economic blocs in the world," Pena Nieto said. The announcement comes amid uncertainty for both Mexican and European commercial ties with the United States under the presidency of Donald Trump, who has espoused a more protectionist stance on trade. Mexico is in ongoing talks with the United States and Canada on overhauling the North American Free Trade Agreement.Read more on NewsOK.com
Comment on Mexico, EU reach deal to update trade agreement
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