News

Recent posts and articles

Aug

20

Mexico will have free trade with the United Kingdom via CPTPP.

The British government announced that after 21 months of negotiations, it has closed a deal to join as the 12th member and the only European country to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), its biggest trade agreement since Brexit.

Downing Street announced that the CPTPP countries, including the United Kingdom, will have a combined GDP of $13.6 trillion, representing 15% of the world's GDP, and a population of 500 million.

 

The UK's accession to the bloc would not have been possible as a member of the European Union, according to Downing Street. Additionally, the country's utilization of its new post-Brexit trade freedoms was praised.

 

The CPTPP was originally composed of eleven Asia-Pacific countries, and over 99% of UK exports of goods to CPTPP countries will be tariff-free.

 

On the other hand, although a trade agreement with the United States is expected, negotiations have stalled. The CPTPP is the most important free trade agreement in the Pacific region.

 

Retrieved from: 

AFP & Reuters. 30th march 2023. Tendrá México libre comercio con Reino Unido vía el CPTPP. El Reforma. Retrieved from: https://www.reforma.com/aplicacioneslibre/preacceso/articulo/default.aspx?__rval=1&urlredirect=/tendra-mexico-libre-comercio-con-reino-unido-via-el-cptpp/ar2579381?referer=--7d616165662f3a3a6262623b727a7a7279703b767a783a–