UK, Mexico Extend Zero Tariffs Until Free Trade Talks Conclude
- Car makers, food and drink manufacturers set to benefit
- Talks for free trade agreement set to continue next year
This article is for subscribers only.
The UK and Mexico agreed to extend a commitment to reduced or zero tariffs until they conclude talks for a free trade agreement, providing certainty to businesses trading between the two nations.
The arrangement extends so-called rules of origin and will take effect on Jan. 1, the UK’s Department of Business and Trade said Friday in a statement. That will ensure provisions negotiated when Britain rolled over its European Union-era deal with Mexico don’t expire as previously scheduled.