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UK and Mexico sign trade deal

UK and Mexico sign trade deal The UK has today (Tuesday 15 December) signed a trade deal with Mexico, locking in tariff-free trade and other benefits for British businesses and consumers. From: 15 December 2020 The UK-Mexico Trade Continuity Agreement will particularly benefit the automotive, pharmaceutical, textiles, agriculture, food and drink industries and other manufacturing industries - – the sectors where the UK has the highest amount of trade with Mexico. Both countries have also committed to start negotiating a new and ambitious free trade agreement next year, which will go much further than the existing deal. This agreement also represents another step towards the UK’s accession to the Comprehensive and Progressive agreement for Trans-Pacific Partnership (CPTPP), to which we aim to apply for formal accession in early 2021. Both sides have agreed that our future bilateral negotiations should run in parallel to this process.

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