More than 10 years of negotiations come to an end this Friday in Mexico: the European Union and the Latin American country will sign an update to the trade agreement that has been in force since the beginning of this century. The move — arguably more significant than the text of the renewed pact — signals a clear rapprochement between two parties whose commercial — and, to an extent, geopolitical — strategies have been shaken by Donald Trump’s return to the White House, based on protectionism, in barely a year and a half. For both, it is a renewed bet on multilateralism in international relations and a way to diversify alliances and risks to soften the impact of Washington’s unpredictable, unilateral decisions. The update will be signed this Friday in Mexico City by Mexico’s president, Claudia Sheinbaum, and the president of the European Commission, Ursula von der Leyen.

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