Modernizing the trade agreement could expand access opportunities for Guanajuatense products to a market of more than 450 million European consumers
Modernizing the trade agreement could expand access opportunities for Guanajuatense products to a market of more than 450 million European consumers
Guanajuato strengthens its international presence and expands export opportunities for strategic sectors such as agro-food, automotive and leather-footwear
Leon/Gto News
Guanajuato is emerging as one of the states with the greatest potential to take advantage of the modernization of the trade agreement of Mexico and the European Union, an update that opens new opportunities for export, investment and growth for Guanajuatense companies.
The People’s Governor, Libia Dennise Garcia Munoz Ledo, has promoted an economic vision focused on strengthening the State’s competitiveness, diversifying international markets, and generating more opportunities for Guanajuatense families by promoting foreign trade and attracting investment.
With the modernization of the agreement between Mexico and the European Union, once its ratification process is complete and it enters into force, it is expected to facilitate access for Mexican products to the European market through the reduction of tariffs, the simplification of trade procedures and greater logistical and customs facilities, especially benefiting sectors where Guanajuato maintains national and international leadership.
Among the sectors with the greatest opportunity are:
- Automotive and auto parts, agro-food, industrial manufacturing, fashion and footwear, as well as specialized products with added value
- All these sectors are areas where Guanajuato has a solid productive and export capacity
Currently, Guanajuato has a commercial presence in 24 of the 27 countries that make up the European Union, with exports of nearly $296 million and the participation of 372 companies based in Guanajuato that now bring products from the State to the European market. These companies generate employment for more than 116,000 families in Guanajuato.
Municipalities such as Leon, Silao, Irapuato, Celaya, San Miguel de Allende, Apaseo el Grande and San Jose Iturbide stand out for their export activity to Europe, consolidating Guanajuato as one of the most dynamic and competitive economies in Mexico.
Modernizing this trade agreement could also open new opportunities for micro, small, and medium-sized enterprises in Guanajuato by incorporating tools that would facilitate certification, digitization, and export processes, allowing more local businesses to integrate into global value chains and compete in international markets.
In addition to strengthening trade, the updated agreement addresses key issues for today’s global economy such as digital trade, innovation, sustainability, and strengthening supply chains, areas where Guanajuato has consolidated industrial and competitive capabilities to continue attracting investment and expanding its international presence.
The updated trade agreement also represents a strategic opportunity to diversify Guanajuato’s exports and strengthen the State’s presence in new international markets, consolidating productive sectors that are currently driving employment, investment, and regional development.
According to estimates from the Federal Secretary of Economy, once the agreement comes into force, the modernization could contribute to increase Mexican exports to the European Union by up to 50 percent by 2030, reaching an estimated value of 36.1 billion dollars.
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