Susannah Goshko, an ambassador of the United Kingdom in Mexico, asked the Government of Claudia Sheinbaum Pardo to ratify the integral and progressive Treaty of Transpacific Association (TPP), with which it is committed to the detonation of trade between both nations.
“The trade between the United Kingdom and Mexico is good and our markets are complementary, so we do not compete among us and we have a more or less balanced commercial relationship,” he said during the Canning House 2025, a United Kingdom forum for Latin America.
He added that Mexico and the United Kingdom can have a much more ambitious commercial relationship, which is 6 billion dollars.
“As two G20 countries committed to open and free trade, this should and could be much greater,” he said.
“We are interested in both make sure that this is, if we want to build the equitable and prosperous societies that we both look for,” said Susannah Goshko.
He affirmed that the first step in the path of a greater commercial relationship will be Mexican ratification and the adhesion of the United Kingdom to the CPPPP.
“(The CPPPP) will accelerate growth by deepening the British and Mexican participation in our respective supply chains,” he said.
The TPP is the most relevant and modern commercial treaty in the world, since it has 30 chapters that include disciplines to regulate activities of state companies, intellectual property, regulatory coherence, electronic commerce and facilities for small and medium enterprises, among other issues, according to a blog of the Government of Mexico.
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The TPP, which seeks to make trade more agile and simple, reducing costs and times to do business, was signed by the 12 original countries on February 4, 2016, but in January 2017, EU announced its departure. In response, the CPTPP was the agreement reached by the remaining 11 countries of the TPP, according to the blog.
The ambassador said that the trade agreement will diversify trade in innovative sectors such as electromobility, health technology and advanced product manufacturing.
He added that the commercial pact will provide greater certainty to the investors of the United Kingdom in Mexico and Mexican investors who wish to establish and grow their businesses in the European country.
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The diplomat said that the ratification of the trade agreement generates a new industrial strategy in the United Kingdom and in Mexico, since “it will boost growth in both countries in sectors of mutual interest and experience.”
He said that the markets that will be detonated are medical attention, life sciences, financial services and education, so “we must take advantage of this trade opportunity.”
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