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Mexico Open To FTA With UK

by Mike Godfrey, Tax-News.com, Washington

29 June 2016


The Mexican Government indicated that it is open to signing a free trade agreement (FTA) with the United Kingdom after the British public voted on June 23 to leave the European Union.

The Mexican Secretariat of Finance and Public Credit noted in a statement that the two countries will have a period of about two years in which to negotiate an FTA after the UK triggers Article 50 of the Lisbon Treaty to withdraw from the EU. In the meantime the UK will continue to trade with Mexico as a member of the EU.

Mexico may not need to negotiate an FTA with the UK depending on the arrangements the UK puts in place upon its exit.

TAGS: Finance | tax | free trade agreement (FTA) | Iceland | export duty | tariffs | Liechtenstein | Mexico | Norway | United Kingdom | Switzerland | import duty | trade | European Union (EU) | Europe

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