10 November 2023 #SMMT News
Mike Hawes, SMMT Chief Executive:
We welcome this pragmatic decision as it avoids duty liabilities from June 2024 which, given the long standing and productive relationship between the UK and Mexican automotive industries, would have undermined our mutual trade. Mexico is among the top 10 global markets for UK car exports and so we now need the swift agreement of a modernised trade deal as this would deliver even more benefits for both sides, boosting bilateral trade in hybrid and ICE technologies as well as zero emission vehicles.