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Trade Ministers from the UK and Mexico are today launching negotiations on an improved trade agreement between the two countries. Current trade terms are based on a continuity agreement put in place when the UK left the EU.

Reacting to news of the launch, Head of Trade Policy at the British Chambers of Commerce, William Bain, said:

“Mexico is a key market for exporting firms, particularly in Northern Ireland and the North-East of England, from business services to food and drink.

“We want to see an ambitious new agreement that focuses on the growing market in green trade, as well as future proofing access for further expansion in services.

“Other key factors will be effective labour mobility and business travel schemes, and reduced costs for exporters through strong digital trade provisions.

“We also want to see arrangements on rules of origin which provide manufacturers with similar flexibilities on supply chains to those currently in place, as well as the benefits of further tariff reductions.

“A modern agreement has the potential to boost opportunities in Mexico for UK exporters in a growing and exciting market – the 15th  largest economy in the world in 2020.”