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Birmingham Post
Birmingham Post
Business
Tom Keighley

Government talks up benefits for North East as Mexico trade negotiations kick off

The Government says there will be new opportunities for North East companies from talks starting on a new free trade agreement (FTA) with Mexico.

As Mexican Secretary of Economy, Tatiana Clouthier was in the UK to meet with International Trade Secretary and Berwick MP Anne-Marie Trevelyan, the Department for Trade said a new deal with the second largest economy in South America would help the 225 North East firms that sell £46m of goods to Mexico.

It also pointed to the region's exporting of machinery and transport equipment - which it said made up 64% of North East trade with the country - and claimed preferential automotive tariffs on the negotiating table would help.

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