1. UK Foreign Secretary Boris Johnson and Mexico's Foreign Minister Luis Videgaray walking into room, UPSOUND (English) Boris Johnson "Good afternoon, everybody"
2. SOUNDBITE (English) Boris Johnson, UK Foreign Secretary:
"(I would like to ) renew the condolences of the British people to the people of Mexico following the tragic earthquakes that you experienced in September. And I'm told by our ambassador Duncan Taylor that the people of Mexico really pulled together during that tragic episode with the Blitz spirit from those all who survived. And our thoughts certainly those who have suffered."
3. SOUNDBITE (English) Luis Videgaray, Mexico's Foreign Minister:
"We are, in a way, at similar junctures. Mexico is undergoing a significant renegotiation of our main trade agreement, which is the North American Free Trade agreement. And we're working (inaudible) and we want to do a good deal, for both, for Canada, for the US and of course, for Mexico. But we have to prepare for what's next. And we acknowledge that, if for whatever reason, NAFTA is not going to continue, it's not the end of the world. Mexico is stronger and bigger than NAFTA. And we're going to move on. And here in London, as you say, that the UK is a lot stronger and bigger than Brexit. And no matter what happens, if it's a soft Brexit or a hard Brexit, or whatever you guys want to do, the UK is going to be just fine."
4. SOUNDBITE (English) Boris Johnson, UK Foreign Secretary:
(Reporter: "And you are the leader of Leave, effectively- leave means leave. And getting back at WTA rules, making clear now that actually no deal would be better than a bad deal?)
"Well, we are saying to our friends and partners that now's the time to get on and do a great deal. And it's there to be done. We've set out a good offer on citizenship, on money, all the things Prime Minister (Theresa May) is talking about today. Maybe we won't get the breakthrough today, but we hope very much so. In the next few weeks and months to get this thing moving and get a great deal, but obviously you have to prepare for every eventuality. And what I find so encouraging to hear from Luis Videgaray, who makes the point that actually, it's his view that Mexico can cope and the UK can cope. And we certainly will - more than cope."
5. SOUNDBITE (English) Boris Johnson, UK Foreign Secretary:
++STARTS ON WIDE++
"Well, there's little to add to that, obviously, I think that we will get a deal, and I think it would be a great deal and a great Brexit. But in any negotiation, you've got to be prepared to walk away and we are going to be prepared to do that. And as Luis said, I think we will do fine, but we will also be able to develop our relationship with Mexico, and that's very exciting as well."
6. SOUNDBITE (English) Boris Johnson, UK Foreign Secretary:
"(We are) prepared for every possible eventuality. Thank you."
Britain's Foreign Secretary stressed on Thursday that the UK must be prepared for "every possible eventuality" in the Brexit talks, including walking away without any deals.
At a joint news conference with his Mexican counterpart in London, Boris Johnson said that UK must be prepared to walk away from the negotiations, if necessary.
Luis Videgaray, Mexico's Foreign Minister, referred that the two countries are at similar junctures as Mexico is also in the middle of talks to rewrite the North American Free Trade Agreement (NAFTA).
"If for whatever reason, NAFTA is not going to continue, it's not the end of the world. Mexico is stronger and bigger than NAFTA," Videgaray said, adding "the UK is a lot stronger and bigger than Brexit. And no matter what happens, if it's a soft Brexit or a hard Brexit, or whatever you guys want to do, the UK is going to be just fine," Videgaray said.