The Ministry of Economy (SE) informed that the first round of negotiations to formalize a Free Trade Agreement (FTA) between Mexico and the United Kingdom began in a hybrid manner in the country's capital.
The federal agency explained that the first round will be held from July 11 to 15, chaired by Ismael Ortiz, chief negotiator for Mexico, and Charlotte Heyes, chief negotiator for the United Kingdom.
"The first round will address the commitments established in the Trade Continuity Agreement between Mexico and the United Kingdom, which establishes that during the first year of validity, negotiations will begin to achieve an FTA," it explained.
He added that the discussions of the more than 30 negotiating tables will focus on defining the scope for access to the goods and services markets of both countries, as well as the disciplines that will be agreed on each of the topics.
"Different agencies of the federal public administration will participate in issues such as access to goods markets, rules of origin, customs cooperation and trade facilitation, government procurement, sanitary and phytosanitary measures, technical barriers to trade, services, investment, among others," he said.
The federal agency recalled that the United Kingdom is Mexico's 16th largest trading partner globally. In 2021, bilateral trade exceeded five billion dollars. Likewise, the United Kingdom is the eighth largest source of foreign direct investment in Mexico.