UK to Seek Trade Deal with Mexico to Offset Brexit

The U.K.’s International Trade Secretary Liam Fox is to visit Mexico Wednesday to launch discussions for a post-Brexit deal as part of the Britain’s ongoing efforts to secure its trading future outside of the EU.

Fox is to meet with Mexico’s Minister of the Economy Ildefonso Guajardo Villarreal to discuss continuing trade cooperation between the two countries once Britain leaves the EU, and discuss the potential for a future trade deal.

Britain’s Foreign Secretary Boris Johnson is also in Sydney Wednesday to discuss tightening ties with Australia and neighboring commonwealth countries.

The meetings follow largely positive two-day talks in Washington between U.S. Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer, in which representatives set about laying the “ground work” for a post-Brexit deal.

EU rules stipulate that member states cannot negotiate independent trade deals while part of the union. However, the U.K. is allowed to hold preliminary discussions ahead of its departure in March 2019.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza