Mexico and the United Kingdom hope to conclude a new trade agreement at the end of the year

Mexico and the United Kingdom estimate that a new free trade agreement between the two countries will be ready by the end of the year; Currently, as part of the visit of Economy Minister Tatiana Clothier to London, it has been agreed to hold the first round of negotiations on July 11 in Mexico City.

In a letter to the media from Clothier and the UK Secretary of State for International Trade, Anne-Marie Trevelyan, they agreed that a modern treaty was needed to deepen trade and strengthen bilateral relations.

He pointed out that it is an opportunity to build an agreement for the twenty-first century economy, because it is not only about trade in goods and services, but also about digital trade, cross-border data flows, e-commerce, regulatory cooperation and innovation. Minister of Economy.

He stressed that they also want to build a treaty that promotes an inclusive business environment through provisions for gender equality and SMEs.

Lee: UK wants to triple trade ties with Mexico; The treaty is ready

The United Kingdom is Mexico's sixteenth trading partner in the world, the eighth source of investment, and there are more than 2,000 British companies in the country. Trade in 2021 was equivalent to $5.1 billion.

“President Andrés Manuel López Obrador shares the UK’s vision of the need to maintain an open trading system based on clear and predictable rules that benefit businesses as well as consumers. “In this administration we are convinced that building bridges and removing barriers to trade is the key,” Clothier said. The path to growth.

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He added that this new treaty is an opportunity to enhance bilateral trade in areas of common interest such as agricultural goods and services.

For her part, Anne-Marie Trevelyan commented that they were committed to an improved and improved trade relationship, and wanted to be “champions” of free trade.

“We have started this launch of the FTA negotiations between Mexico and the UK, and in July we will be in the first round of negotiations there in Mexico City.” Trevelyan confirmed.

British negotiators will look to move forward in areas such as services and technology, strengthening a trade relationship already worth more than £4 billion.

The deal could increase trade flows in the financial, creative, digital and technology services sectors thanks to advanced services provisions, strengthening the UK's world-leading services industries.

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