The Mexico–United Kingdom free trade agreement (MUKFTA) is a proposed free trade agreement which began negotiations on 20 May 2022. The trade agreement would be the third FTA to cover Mexico–UK trade, superseding the Mexico–UK Trade Continuity Agreement, extending the deal to cover financial, creative, digital, services and digital trade.
History From 1 July 2000 until 30 December 2020, trade between Mexico and the United Kingdom was governed by the Mexico–European Union Free Trade Agreement, while the UK was a member of the European Union. Following the withdrawal of the United Kingdom from the European Union, the UK and Mexico signed a continuity trade agreement on 15 December 2020, based on the EU free trade agreement; the agreement entered into force on 1 June 2021.
On 20 May 2022, Mexico and the United Kingdom announced their intentions start talks on a modernised free trade agreement; the agreement will supersede Mexico–United Kingdom Trade Continuity agreement.
Negotiations + MUKFTA Round of Negotiations Round Dates Location Ref. 1 11–15 July 2022 Mexico City 2 31 October–11 November 2022 Virtual meeting 3 15–19 May 2023 Mexico City Trade negotiations formally opened on 20 May 2022.
Due to slow progress in negotiating a new trade agreement, Mexico and the UK agreed in November 2023 to extend their continuity trade agreement for an additional year.
See also
Mexico–United Kingdom relations Free trade agreements of the United Kingdom Foreign relations of Mexico Foreign relations of the United Kingdom
References
External links