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UK prepares to launch new trade deal negotiations with Canada and Mexico

Call for input launched today for businesses and others to shape UK trade deal negotiations with Canada and Mexico, which will start later this year.

The UK is to begin negotiations for upgraded trade deals with Canada and Mexico this year focused on creating even greater opportunities for UK businesses in industries of the future such as digital, data and services.

A call for input will ask for views from the public, businesses and other stakeholders on what the UK’s ambitions should be for these free trade agreements.

Building on the deals signed in 2020, which secured tariff-free exports on 98% and 88% of goods to Canada and Mexico respectively, this next generation of trade deals will be better tailored to the UK economy and provide the opportunity to set new benchmarks in areas like digital trade, climate and women’s economic empowerment.

Last year the UK exported goods and services worth over £2 billion to Mexico and over £11 billion to Canada. Overall trade with Canada and Mexico was worth £22.8bn and £5.1bn respectively in 2019.

A new trade deal with Mexico will support jobs and opportunities across the UK in industries like digital, data and services, while an improved UK-Canada trade agreement will support British jobs in areas such as car manufacturing and food and drink.

Read more: UK prepares to launch new trade deal negotiations with Canada and Mexico