Trade and investment between the two countries are expected to expand under the agreement as a result of tariff liberalization
and the cumulation of rules of origin.
Mexico’s Ministry of Foreign Affairs and Ministry of Economy announce that, following Mexico’s ratification, the United Kingdom’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entered into force on June 22, allowing both countries to apply the provisions of the agreement to each other.
The CPTPP is a trade agreement comprising 12 countries across the Americas, Asia, Oceania, and Europe: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and, as of now, the United Kingdom. Mexico is a founding member of the CPTPP, which has been in force in Mexico since December 30, 2018. With the United Kingdom’s accession entering into force, both countries will be able to benefit from the agreement’s provisions, thereby strengthening bilateral economic relations.
Trade between the two countries is currently characterized by flows of high value-added goods, such as machinery and industrial equipment, as well as vehicles and auto parts. Under the CPTPP, industrial and agri-food products traded between Mexico and the United Kingdom will be subject to tariff elimination, which will help expand bilateral trade.
In addition, through the agreement’s rules of origin cumulation provisions, the CPTPP may increase Mexico’s and the United Kingdom’s participation in each other’s value chains. It may also support the strengthening of priority sectors under Plan México, such as the automotive, aerospace, and pharmaceutical industries, by promoting investment in Mexico and technology transfer to increase production.
Against an international backdrop marked by the reconfiguration of supply chains and the search for more diversified markets, the entry into force of the United Kingdom’s accession to the CPTPP strengthens Mexico’s position as a global trade and investment platform. It also contributes to deepening economic ties with Europe, the Asia-Pacific region, and the Americas through a common framework of trade rules.
The CPTPP places Mexico and the United Kingdom in a new sphere of economic cooperation, which will enable them to expand trade and investment between the two countries, which amounted to US$6.293 billion in 2025 alone.