After leaving the European Union, in December 2020, Mexico and the United Kingdom signed the commercial continuity agreement that allowed them to maintain the preferential trade regime, included in the Free Trade Agreement between Mexico and the European Union (TLCUEM).
The first round of negotiations will take place in Mexico City on July 11, announced Clouthier Carrillo. “We will work shoulder to shoulder with Mexico,” said the United Kingdom’s international trade secretary, Anne-Marie Trevelyan.
Secretary Clouthier explained that the United Kingdom is Mexico’s sixteenth trading partner and the eighth source of investment with more than 2,000 British companies in Mexico. In addition, last year bilateral trade reached 5.1 billion dollars.
In her speech, the United Kingdom’s international trade secretary, Anne-Marie Trevelyan, maintained that the goal is to deepen and diversify projects between “two of the most important economies in the world.”
Both officials agreed on the need to negotiate a modern agreement that allows both countries to take advantage of the opportunities of the 21st century economy, as well as to strengthen bilateral trade in areas such as agricultural goods and services.
They also spoke out in favor of building bridges, removing barriers to trade, and strengthening the power of free trade.
The FTA with the United Kingdom will modernize investment and intellectual property rules and will include provisions on issues related to SMEs, gender and innovation, the Ministry of Economy reported in a statement.
“We want to strengthen free trade, that’s what it’s all about. We also want to create jobs, we want to have more innovators, Mexicans and British who participate in all this. We are talking about transforming forces, market forces.
