Mexico accord: anticipation grows in an already expanding market for many European sectors

Mexico accord: anticipation grows in an already expanding market for many European sectors

Since the first EU-Mexico trade pact in 2000, European companies have many stories to tell of how they grew their business with Mexico over two decades. Now with a new agreement, they aim to expand that trade even further. Among them:

Belgian chocolatier with sweeter plans for expansion

The new accord will eliminate a 20% tariff on chocolate, and Galler plans to capitalise on that when it opens its first shops in Mexico with Belgian waffles, hot chocolate and chocolate bars, as well as working with retailers and expanding its online sales.

Sabor y Carácter: specialty European cheeses protected by geographic origin

The French-founded company, already growing by 20% a year since 2015, sees a major boost when the new trade agreement eliminates tariffs of as much as 45% on cheeses with protected geographic indications like Comté, Manchego and Pecorino Romano.

Fast track and electronic chips: Spanish pork producer with high-end, booming output

Tello doubled in size since 2012, selling its hams, pâtés and other pork products to 40 countries including Mexico, where the new trade pact will scrap a 20% tariff on the meat. It will also bring fast-track approval for producers like Tello, which uses electronic chips to track its production.

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