00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Mexico and the EU are set to sign a long-delayed free trade agreement on Friday, according to Reuters.
00:08The move aims to reduce dependence on the U.S. and cushion the blow of President Trump's tariffs for both
00:14countries.
00:15The deal expands a 2,000 accord that covered only industrial goods, adding services, government procurement, digital trade, investment, and
00:24farm produce.
00:25Mexico's President Claudia Scheinbaum, European Commission President Ursula von der Leyen, and European Council President Antonio Costa are to sign
00:33the pact in Mexico City.
00:35Mexico's Economy Ministry estimates the deal could boost Mexican exports to the EU from roughly $24 billion a year to
00:41$36 billion by 2030.
00:43The EU sends about $65 billion in goods annually to Mexico.
00:48The agreement still requires a vote by the European Parliament.
00:51For all things money, visit Benzinga.com.
00:54For all things money, visit Benzinga.com and visit Benzinga.com and visit Benzinga.com and visit Benzinga.com.
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