UK AFTER BREXIT
Just last week, the UK applied to become a member of the Asia – Pacific Free Trade Pact, formally known as The Comprehensive and Progressive Agreement for Trans-Pacific Partnership – or CPTPP – covers a market of around 500 million people (www.bbc.com/news/). Mexico is part of this agreement and USA is expected to joint with the new Biden Administration.
The logistic advantages of Mexico, specially looking forward on the value chain to the USA market, are specially underlined for many investors. Same time zone, more than 2,000 miles of border, millions of trucks crossing back and for every year, attractive labor cost, and many more advantages, positioned Mexico as a key factor for new investment deployments in the region.
UK policy makers see this as an opportunity to maintain the market share in the profitable North American Market.