The Mexican Secretary of Economy, Tatiana Clouthier, began this Thursday a trip to the United Kingdom to negotiate a new free trade agreement after Brexit, the departure of the British from the European Union (EU).

The agency added that "the Clouthier secretariat will meet with the private sector, with the aim of strengthening British investment in Mexico, as well as commercial ties", although it did not detail the names of the companies.

Mexico and the United Kingdom signed a Trade Continuity Agreement in December 2020, when both countries agreed to maintain the preferential trade regime that they had until then under the Free Trade Agreement between the European Union and Mexico (TLCUEM).

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The continuity agreement will remain in force for three years while Mexico and the United Kingdom conduct a public consultation and negotiations for a new trade agreement that serves the post-Brexit relationship, which was concluded in January 2020.

The United Kingdom is Mexico's sixteenth trading partner worldwide and, while it belonged to the European Union, it ranked fifth among its member States, according to the SE.

Between 1999 and 2019, bilateral trade grew 176.9%, according to the Secretariat, and in 2019, before the pandemic and Brexit, it totaled 5,212 million dollars.

The trade agreement has also caused expectation because the British Prime Minister, Boris Johnson, announced last September his interest in joining the block of the Treaty between Mexico, the United States and Canada (T-MEC).

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Secretary Clouthier will also travel to Germany where she will conduct meetings focused on attracting investment and continuing to ensure that Mexico is an ideal partner for doing business, the SE statement said.

Clouthier will meet with companies such as Volkswagen, Bayer and BMW, which have some of their largest plants in Latin America in Mexico, as well as the Federation of German Industrialists and the German Association of Companies for Latin America.

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