Mexico and the United Kingdom have opened the first round of negotiations toward a new free trade agreement, and this first approach is being implemented in a hybrid way in Mexico City.
According to the Ministry of Economy, this first round of negotiations will be chaired by Ismael Ortiz, the chief negotiator of Mexico, and Charlotte Hayes, the chief negotiator of the United Kingdom, and will continue until July 15.
In this first table, it is detailed that the obligations under the Mexico-UK Trade Continuity Agreement will be fulfilled, indicating that during the first year of validity negotiations will begin to achieve a free trade agreement.
It is also a follow-up to the meeting between the Minister of Economy, Tatiana Cloutier, and the Secretary of State for International Trade of the United Kingdom, Anne-Marie Trevelyan, which took place on May 20 in London, where these negotiations officially began.
He pointed out that “the discussions on the negotiating table, which number more than 30, will focus on determining the scope of access to the markets of goods and services for both countries, as well as the controls that will be agreed upon on each of the issues that comprise it.” Ministry of Economy.
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He said that likewise, there would be participation from various federal public administration agencies on issues related to access to commodity markets, rules of origin, customs cooperation and trade facilitation, public procurement, sanitary and phytosanitary measures, technical barriers to trade, services, investment and other disciplines.
For Mexico, the UK is the 16th largest trading partner in the world. In 2021, bilateral trade exceeded $5 billion and is the eighth source of foreign direct investment in the country.
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