Emilio Arteaga, VTZ Jr. Partner, will participate next Wednesday 23rd of September in the online Panel “The implications of a Hard Brexit in trade and business Mexico-United Kingdom”, which is co-organized by the British Chamber of Commerce in Mexico.
The Panel will focus on where we are now in terms of trade and bilateral treaties, how a hard Brexit will affect trade relations, as well as what the options are for both countries going forward, including WTO rules.
Mexico – UK Business
Today, Mexico and the United Kingdom have 97% of their tariff lines liberalized as a result of the European Union – Mexico Free Trade Agreement, which is still in force. However, these preferential tariffs will be lost as a result of a Hard Brexit.
EU-Mexico Free Trade Agreement
Moreover, Mexico and the European Union concluded this year (2020) the negotiations regarding the modernization of their FTA. The new and modernized EU-Mexico FTA will liberalize all goods, including agri-food products such as meat, cheese, chocolate, cereal, pastries, pasta, among others.
VTZ insights
In the webinar, Emilio Arteaga will provide a brief summary of international trade statistics between Mexico and the UK; for instance, the value of exports from Mexico to the UK and imports from the UK, and the major traded goods. Furthermore, our partner will review in more detail how Brexit will impact the most relevant traded goods and the future of the trade relations between both countries.