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Mexico Trade Negotiations Update

23 May 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
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At a Glance

Issue Summary

The statement discusses the launch of negotiations for an enhanced Free Trade Agreement between the UK and Mexico.

Action Requested

The Department has launched negotiations in July 2022 following the signing of a trade continuity agreement in December 2020. A comprehensive set of documents setting out the UK’s strategic approach have been published, informed by stakeholder input, and placed in House libraries for scrutiny.

Key Facts

  • The Department for International Trade launched negotiations on an enhanced Free Trade Agreement with Mexico in July 2022.
  • The UK-Mexico Trade Continuity Agreement was signed on 15 December 2020.
  • Trade between the UK and Mexico was worth £4.2 billion in 2021.
  • Mexico's population is projected to reach 146 million by 2035.
  • The current agreement ensures reduced duties on UK exports in transportation, chemicals, and machinery manufacturing sectors.
  • Services employ 82% of the UK workforce.
  • The Comprehensive and Progressive Agreement for Trans-Pacific Partnership includes Mexico.
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