EU to Invest €5 Billion in Mexico, Primarily for Infrastructure Development

Deep News05-23 05:20

The European Union will invest 5 billion euros in Mexico, with the funds primarily directed towards key infrastructure projects prioritized by the Mexican government.

The President of Mexico, European Commission President Ursula von der Leyen, and the President of the European Council signed an updated trade agreement in Mexico City.

Von der Leyen stated that the EU will utilize its Global Gateway strategy to implement the investment in Mexico.

The Mexican President noted that the updated trade agreement will facilitate foreign investment into Mexico and also help Mexican businesses expand their sales of products in the European market.

The Mexican President emphasized that this new EU agreement will not conflict with or impact ongoing trade negotiations between Mexico and the United States.

Von der Leyen added that the agreement benefits all three parties: the EU, Mexico, and the United States.

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