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Mexican President Claudia Sheinbaum, centre, European Council President Antonio Costa, left, and European Commission President Ursula von der Leyen in Mexico City, 21 May 2026

Video. EU clinches new trade deal with Mexico to bolster foothold in region

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EU Commission President Ursula von der Leyen and European Council President António Costa signed an updated trade deal with Mexico on Friday, two decades after the original agreement, as both parties seek to reduce their dependence on the US and China amid rising geopolitical tensions.

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