My Rt Hon Friend the Secretary of State for International Trade (Anne-Marie Trevelyan MP) has today made the following statement.
The first round of United Kingdom-Mexico Free Trade Agreement negotiations took place during the week commencing 11 July. A small delegation of officials undertook technical discussions in-person in Mexico City with most talks taking place virtually.
During the first round, talks focused on gathering insights on key interests and priorities across policy areas as well as building a shared understanding of each other’s initial positions in the areas expected to be covered in the Free Trade Agreement. Technical discussions were held across 31 policy areas over 28 sessions.
The United Kingdom and Mexico share a joint ambition to take our trade and economic relationship to the next level, deepening trade and increasing investment flows for the benefit of both countries.
The existing United Kingdom-Mexico Trade Continuity Agreement is outdated. These negotiations are an important opportunity to negotiate a significantly more ambitious agreement which is better suited for the 21st Century. This includes strengthening United Kingdom-Mexico trade in goods and services, already worth £4.2 billion, and delivering on new and progressive issues such as digital trade, trade and gender equality and innovation.
The second round of official level negotiations is due to take place in Autumn 2022.
HM Government remains clear that any deal will be in the best interests of the British people and the economy.
HM Government will keep Parliament updated as these negotiations progress.
This statement has also been made in the House of Commons