Mexico and the United Kingdom sign Trade Continuity Agreement that maintains Free Trade between both countries

Secretariat of Governance (SEGOB)

On December 15th, Press Release No. 089 was published through the website of the Secretariat of Governance (SEGOB), in which it is reported that the Secretary of Economy, Graciela Márquez, and the Ambassador Corin Robertson, of the United Kingdom of Great Britain and Northern Ireland in Mexico, signed today the Trade Continuity Agreement that maintains the free flow of exchanges between both countries.

  • Through the Trade Continuity Agreement between the United Mexican States and the United Kingdom of Great Britain and Northern Ireland, the preferential trade regime is maintained, currently in force under the Free Trade Agreement between Mexico and the European Union (TLCUEM).
  • Given the departure of the United Kingdom from the European Union, the signing of this instrument will make it possible to maintain preferences regarding access to markets and trade disciplines, with the necessary adjustments to make it operational and grant legal certainty to both countries.
  • Moreover, Mexico reaffirms its commitment to promote tools that allow diversifying international trade, as well as expanding participation to new national actors and regions. In general, the agricultural sector benefits, and particularly the states of the south-southeast of the country.
  • This Agreement will be valid for three years from its entry into force, a period in which negotiations will be carried out to sign a broader, more modern and comprehensive free trade agreement.
  • Between 1999 and 2019, bilateral trade grew 176.9%, and in 2019 it added 5.212 million dollars, which represents an increase of 12.5% ​​compared to 2018. The United Kingdom is our 16th trading partner worldwide and, while it belonged to the European Union, it ranked 5th among its member states. Additionally, the United Kingdom is an important investor in Mexico, since direct foreign investment from that country, between 1999 and September 2020, accumulated 15,065.2 million dollars.

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