This week trade officials from the European Union and Mexico announced that they will launch negotiations on a new free trade agreement later this year, in an effort to modernize the EU-Mexico FTA that has been in place since 2000. The timeline for negotiations is expected to be discussed in more detail at an EU-Latin American summit scheduled for June 12 in Brussels.
A minimal amount of red meat trade currently takes place between the EU and Mexico. Last year the EU reported 2,556 metric tons (mt) of pork exports to Mexico (mainly from Spain and Denmark), valued at $21.1 million. EU beef exports to Mexico were only 10 mt valued at about $50,000. The EU does not currently import pork or beef from Mexico.