Mexico–United Kingdom Free Trade Agreement
Proposed free trade agreement between Mexico and the United Kingdom
From Wikipedia, the free encyclopedia
The Mexico–United Kingdom free trade agreement (MUKFTA) is a proposed free trade agreement which began negotiations on 20 May 2022.[1] 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.[2]
- Tatiana Clouthier (until 6 October 2022)
- Raquel Buenrostro Sánchez (until 1 October 2024)
- Marcelo Ebrard (from 1 October 2024)
- Anne-Marie Trevelyan (until 6 September 2022)
- Kemi Badenoch (until 5 July 2024)
- Jonathan Reynolds (until 5 September 2025)
- Peter Kyle (until 20 July 2026)
- Jonathan Reynolds (from 20 July 2026)
United Kingdom Mexico | |
| Type | Free trade agreement |
|---|---|
| Context | Trade agreement between Mexico and the United Kingdom |
| Negotiators |
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| Parties | |
| Languages | |
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.[3] 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.[4][5]
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.[6]
Negotiations
| Round | Dates | Location | Ref. |
|---|---|---|---|
| 1 | 11–15 July 2022 | Mexico City | [7] |
| 2 | 31 October–11 November 2022 | Virtual meeting | [8] |
| 3 | 15–19 May 2023 | Mexico City | [9] |
Trade negotiations formally opened on 20 May 2022.[1][2]
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.[10]
