UK and Mexico working to boost trade and create business opportunities

by Ray Clancy on April 14, 2016

Trade links are being strengthened between the UK and Mexico which could open up business opportunities for expats and would be expats.

Lord Price, the UK’s recently appointed Minister for Trade and Investment, has had a series of meetings with senior business leaders in Mexico and with key senior Mexican government officials.

The main points of discussion have been how the UK and Mexico can forge closer trading links. He also pointed out that through the Exporting is GREAT campaign, the government is providing to businesses looking to export.

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“The UK and Mexico have a strong trading relationship, they are our largest food and drink trading partner in Latin America. I am pleased to be in Mexico to look at ways of building on the trade ties between our two countries,” said Price.

“This visit is a great opportunity to hear first-hand from business about how the government can further support those looking to export and look at ways to continue to attract investment from Mexico into the UK,” he added.

He had explained that the Senior Business Leaders Group, formed during the Mexican President’s State visit to the UK last March, brings together senior executives from leading British and Mexican companies to identify opportunities and ways to overcome barriers to trade.

The visit also provided an opportunity for Lord Price to discuss the government’s support for exporters, as it works towards its target of getting 100,000 more companies exporting by 2020.

He also explained that as the second largest economy in the region, with a market of 112 million people, Mexico offers huge trading opportunities for the UK. Bilateral trade for 2014 stood at over £3 billion and British exports of goods have increased by 55% between 2011 and 2015.

During his visit, Lord Price met with a number of key Mexican government ministers including those for transport and communications, economy and finance.

Among the companies involved in the meetings were HSBC (UK), BP, Diageo, Shell, Petrofac, ArcelorMittal Mexico, HSBC Mexico, AMAFORES, Grupo Bal, Grupo Azucarero Mexicano and Korn Ferry.

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