Mexico and the UK sign trade deal
Mexico and the UK share a long history of trade, and their bilateral trade relationship accounted for over $5 billion in 2019
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The deal will ensure tariff-free trade for British businesses whilst providing security to manufacturers in both countries
Subject to legislative approvals and parliamentary procedures, the countries aim to bring the agreement into force on 1 Jan, 2021
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On 15 December, 2020, the United Kingdom and Mexico signed the UK-Mexico Trade Continuity Agreement. This follows the UK securing similar continuity agreements with many nations, including Singapore and Canada. After the end of the UK s transition period with the European Union (EU) on 31 December, 2020, the continuity agreement, set to come into force on 1 January, 2021, will guarantee preferential access for trade between the UK and Mexico. It will permit trade to resume on the same terms as the current EU-Mexico Global Agreement. Th
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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.