France woos Mexico as a stronger trade partner, citing US uncertainties

As France and Mexico celebrate 200 years of economic ties, French officials are urging Mexico to strengthen its relationship with France, seeking to reduce pressure on the strained trade ties with the United States. French Trade Minister Nicolas Forissier highlighted the importance of diversifying markets and supply chains to alleviate tensions with the US.

At the presentation of the France-Mexico Economic Report 2026, Forissier emphasized the shared commitment to multilateralism and rules-based trade relations. Mexican Ambassador Delphine Borione echoed this sentiment, stating that the 200-year friendship should be celebrated by looking back at the progress made and ahead towards a stronger relationship.

The modernization of their agreement in May, which effectively eliminated tariffs on 99% of EU-Mexico trade, underscores the desire for deeper economic collaboration. French Minister Forissier stressed the need to secure critical supply chains, including those for minerals and rare earth elements, and sees Mexico as a gateway for Mexican companies to access the European Union, North Africa, Sub-Saharan Africa, and the Middle East.

Over 700 French companies currently operate in Mexico, employing 215,000 people and investing $13.6 billion since 2006. French investment in Mexico reached $7.9 billion in 2025, with more than 50% of surveyed French companies sourcing more than half of their purchases from Mexican suppliers.