Mexico and UK Launch New Stage of Coordination in the Bilateral Relationship

Press Release 10.03.2020

Delegations from Mexico and the United Kingdom, headed by Undersecretary of Foreign Affairs Julian Ventura and Minister of State Nigel Adams, met yesterday in London to give impetus to the bilateral agenda and reinforce the upward trend of their cooperation and political and economic contacts. The meeting took place as part of the Partnership for Sustainable and Inclusive Growth, signed last August by Foreign Secretary Marcelo Ebrard and his counterpart Dominic Raab during the Mexico-UK High-level Economic Talks.

Mexico and the United Kingdom adopted a joint declaration reaffirming their commitment to develop a framework for the trade relationship for after the transition period of the UK's exit from the EU that reflects its importance for both countries. They also agreed on specific projects in areas such as green finance, disaster management and financial technology (fintech), and to work together to promote the success of the upcoming United Nations Climate Change Conference, to be held in Glasgow, by establishing a COP26 Alliance.

The Mexican delegation included officials from the Ministries of Foreign Affairs, Economy and Finance, in addition to the National Banking and Securities Commission. Prior meetings were held in Mexico City with the Environment and Natural Resources Ministry.

In addition, various areas of both foreign ministries held parallel informal meetings on the international peace and security agenda.  In view of its likely participation in the United Nations Security Council, Mexico has strengthened its contacts with the Council members.

Worldwide, the UK is Mexico's 8th-ranked investor and its 18th-ranked trading partner. In 2019, it was the third largest source of international visitors, after the United States and Canada.