...To be updated...
Continuity in Mexico's Relationship with the European Union and the United Kingdom
The Foreign Ministry reports that the European Union and the United Kingdom have notified the Government of Mexico that they signed an agreement on the United Kingdom's withdrawal from the European Union and the European Atomic Energy Community on January 24, 2020. The agreement will take effect on February 1.
The UK withdrawal agreement establishes a transition period that will extend from February 1 to December 31, 2020, subject to extension. During this time, the United Kingdom will continue to be legally bound by EU law and all international agreements entered into by the European Union with third States, including its agreements with Mexico. This gives continuity to the relationships and daily operations with the EU and the UK during the transition period.
The European Union is a privileged partner for Mexico, both politically and economically. It is our third-ranked trading partner and the second most important investor in the country. The ongoing modernization of the Global Agreement with the European Union will help create additional ties that will benefit additional sectors of Mexico's society and economy.
Last August, Mexico and the United Kingdom signed a partnership agreement for sustainable and inclusive growth that seeks to position our relationship for the future. In the coming months, we will be working on an ambitious post-transition period bilateral program. The United Kingdom is Mexico's eighth-ranked investor, worldwide, and was the third largest source of foreign visitors in 2018.