Recently, the United Kingdom submitted an application to join the Asia-Pacific Free Trade Pact, formerly known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This trade agreement covers a market of approximately 500 million people (source: BBC News). It should be noted that Mexico is already a participant in this agreement, and there are expectations that the United States will join under the new Biden Administration.
Many investors are emphasizing Mexico's logistical advantages, particularly concerning the value chain to the USA market. These advantages include:
As a result, Mexico is increasingly seen as a key player for new investment ventures in the region.
UK policymakers view this shift as an opportunity to retain market share in the lucrative North American market.
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