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Mexico, South Korea move closer to bilateral free trade agreement

Mexico and South Korea are advancing talks to finalize a bilateral free trade agreement aimed at lowering tariffs and boosting economic cooperation. The renewed momentum follows a high-level parliamentary exchange, with Mexico pledging to support negotiations and facilitate the process.

EU pulls tariff preferences on 87 pc of Indian exports ahead of FTA

From January 1, 2026, India faces a significant setback in the European Union market as the EU suspends Generalised Scheme of Preferences (GSP) benefits for 87% of its exports. This move means Indian products must now pay full Most Favoured Nation (MFN) tariffs, eliminating the previous 20% average tariff reduction under GSP.

Can "geopolitical" tariffs be dealt with through trade deals?

A big reason for signing a trade agreement is to get certainty on tariff levels, and if the U.S. can raise tariff levels above the bound rate for geopolitical reasons, that certainty is lost to some degree and the trade agreement is much less valuable.

EU sees Mercosur as a source of critical minerals

The European Union recognizes the key role that the free trade agreement with Mercosur, an economic bloc formed by Argentina, Brazil, Paraguay and Uruguay, will have for the supply of critical minerals to the European continent.
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