Continuity Deal Signed With Mexico Ahead Of FTA Talks Starting Next Year

The UK and Mexico have today signed a continuity trade deal, ahead of the expectation for talks regarding a fully-fledged trade deal to start next year.

• The continuity deal keeps the UK trading on the same terms with Mexico as it did as a member of the EU, and during the transition period.
• Physical trade between the two nations is currently worth GBP3.62bn per annum, with machinery, vehicles, pharmaceuticals, and alcoholic drinks the major areas of import and export.
• UK International Trade Minister Liz Truss commented on the agreement, "This deal is great news for businesses on both sides. It provides certainty for the thousands of British firms who already export to Mexico - and is a firm foundation for negotiating a new, more ambitious agreement next year. Together with our friends and allies in Mexico, we can now look forward to deepening and strengthening our trading partnership, boosting our businesses and creating better jobs in both countries."