The British Government already promotes trade with Mexico in our North America Now and Link into Latin America campaigns. But we think Mexico warrants a more specific focus in its own right. I encourage business to exploit our new support to the full. 1996 marks the 75th anniversary of the British Chamber of Commerce in Mexico. Britain wants the maximum possible trade liberalisation between Europe and Mexico, consistent with WTO rules.
Work is underway on a new agreement.
The British Government is firmly committed to transatlantic free trade, and beyond that to global free trade. The potential gains of further liberalisation across the Atlantic are enormous. Sweeping away all remaining tariff and non-tariff barriers could generate an extra 70 billion dollars in transatlantic trade. The evidence is that trade liberalisation creates, not destroys jobs. Free trade is a positive sum game, that benefits all participants.