Date Time
Cooperation Vital to Uphold as Pandemic Challenges Continue
According to Lee Hsien Loong, Prime Minister of Singapore, “to resume growth we must look beyond returning to the status quo. We must collaborate to tap new markets an develop novel technologies”
“Amid protectionist moves due to the pandemic, Japan will lead efforts in expanding free trade,” announced Yoshihide Suga, Prime Minister of Japan
Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana warned that gains African countries have made to “create societies of opportunities for all our peoples are being seriously threatened”
Geneva, Switzerland, 29 January 2021 – Underlining the day’s theme, Advancing Global and Regional Cooperation, two prime ministers and more than a dozen other ministers took the floor tackling subjects ranging from resetting geopolitics to improving international trade.
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On December 15, 2020, the Mexican Secretary of Economy and the
Secretary of State for International Trade of the United Kingdom,
issued a joint statement through which they communicated the
signing of the UK-Mexico Trade Continuity Agreement.
Based on the joint statement, the Agreement will maintain
preferential access for trade between the two countries following
the end of the United Kingdom s Transition Period with the
European Union on December 31, 2020, when the European Union-Mexico
Global Agreement will no longer apply to the United Kingdom.
The purpose of the Continuity Agreement is to avoid the
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On December 15, 2020, the Mexican Secretary of Economy and the Secretary of State for International Trade of the United Kingdom, issued a joint statement through which they communicated the signing of the UK-Mexico Trade Continuity Agreement.
Based on the joint statement, the Agreement will maintain preferential access for trade between the two countries following the end of the United Kingdom’s Transition Period with the European Union on December 31, 2020, when the European Union-Mexico Global Agreement will no longer apply to the United Kingdom.
The purpose of the Continuity Agreement is to avoid the imposition of the World Trade Organization´s Most Favored Nation tariffs as a default measure, that otherwise would have become applicable after December 31st.
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Joint Statement by the UK and Mexico
The United Kingdom and Mexico Sign UK-Mexico Trade Continuity Agreement
From:
15 December 2020
The Governments of the United Kingdom of Great Britain and Northern Ireland and the United Mexican States welcome the signing of the UK-Mexico Trade Continuity Agreement, marked by a meeting today between the Secretary of State for International Trade of the United Kingdom, Elizabeth Truss, and the Minister of Economy of Mexico, Graciela Márquez Colín, on 15 December 2020.
The Agreement provides for continuity in trade between Mexico and the United Kingdom after the end of this year. The Agreement is intended to be transitional in nature. The UK and Mexico agree to begin negotiations on a new and ambitious Free Trade Agreement in 2021.