Mexico and France Agree to Strengthen Commercial Ties

During the meeting between President Claudia Sheinbaum and her French counterpart, Emmanuel Macron, economic collaboration between both countries was discussed, among other topics.

What is France’s current participation in the Mexican economy?

According to Data México, France’s market share in Mexico’s exports is 0.2%. Concurrently, in imports, it holds a market share of 0.77%. This suggests that France is not a major trade partner; however, this meeting aims to increase this share, driven by the global economic challenges.

Similarly, in 2024, the primary product exported was Medical Science Instruments and Apparatus, totaling 145 million dollars (mdd). Meanwhile, the main imported product was Medicaments consisting of mixed or unmixed products, preparations for therapeutic or prophylactic uses, amounting to 389 mdd.

The states that export the most to France are Mexico City (CDMX), Querétaro, and Estado de México. The states that import the most are: Mexico City (CDMX), Estado de México, and

What was discussed at the meeting between the leaders of Mexico and France?

The meeting took place behind closed doors on November 7th, with the agreements announced on November 8th. According to the Government of Mexico, the proceedings were conducted: “Based on the bicentennial ties of Franco-Mexican relations, they reaffirmed their commitment to deepen cooperation grounded in common values, principles, and interests aimed at promoting genuine shared prosperity.” Furthermore, they discussed the complementarity of the two countries’ economies and shared objectives within the Mexico-France 2030 Plan. In this context, they also observed the trade and investment opportunities that the Modernized Global Agreement between Mexico and the European Union will bring.

What is the Modernized Global Agreement and when does it take effect?

The Modernized Global Agreement is an update to the existing agreement between the European Union and Mexico, originally established 25 years ago. It aims to facilitate a more fluid and robust economic exchange between both parties. However, it has not yet entered into force, and its signing is planned for February 2026.