UK-U.S. FTA: First Round of Negotiations Completed; Statement Issued by Secretary of State for Inter


Today the UK Department of International Trade and International Trade Secretary, Liz Truss issued a statement to update on the negotiations on the UK’s future trading relationship with the U.S. Around 200 negotiators from the UK and the U.S. took part in this first round of negotiations for a UK-U.S. Free Trade Agreement (FTA), which was completed over the last two weeks from May 5 to 15, 2020.

The negotiations were conducted virtually with UK and U.S. negotiators participating in extensive discussions in nearly 30 different negotiating groups covering all aspects of a comprehensive trade agreement. The discussions covered a number of workstreams including:

  • Small to Medium Enterprises (SME)

  • Rules of Origin

  • Investment

  • Technical Barriers to Trade

  • Digital

  • Telecoms

  • Financial Services

  • Market Access for Goods, Agriculture

  • Services Sectors

  • Intellectual Property

Liz Truss said, “Both sides are hopeful that negotiations for a comprehensive trade agreement can proceed at an accelerated pace. Ambassador Lighthizer and I agree that a second virtual round will take place in the weeks of 15 and 22 June… the meetings were positive and constructive, reflecting the mutual commitment to secure an ambitious agreement that significantly boosts trade and investment between our economies, the first and fifth largest in the world.”

The statement also noted a number of areas that showed particular progress with ‘a mutually high ambition for services, investment, and digital trade’ as well as ‘confirmation that both sides will quickly pursue a standalone Small and Medium Enterprises (SME) Chapter and will continue the UK-U.S. SME Dialogue’.

You can find the full statement here on the UK Government site.

Our Pacific Northwest Chapter of British-American Business Connections (BABC-PNW) welcomes the U.S. and UK governments’ commitment to forge a new transatlantic trade partnership. This is a challenging time in our shared history and BABC-PNW will be there to support initiatives, policies, and activities that enable our members to develop transatlantic business opportunities, along with further engage business in the UK and U.S.

Best Regards,

Catherine Filippini Richard Biggs

Executive Director Chair

British-American Business Connections – Pacific Northwest

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Social Media

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Instagram Icon
  • Grey LinkedIn Icon

Pacific Northwest Chapter

704 228th Ave. NE, #436

Sammamish, WA 98074

206.792.9415

membership@babcpnw.org

Policies & Terms

2020 Website Sponsor

Moore Kingston Smith

Moore Kingston Smith is a dynamic, leading UK firm of accountants and advisers to businesses which range from entrepreneurial start-ups through to large international groups. The firm is a leading member of Moore Global, a worldwide accountancy and consulting network of more than 260 firms, helping to navigate the complexities and opportunities of business on local, national and international levels. Moore Kingston Smith has a dedicated North America Group of international expansion specialists that have been supporting both UK companies planning to expand to North America and businesses from across the Atlantic looking to enter the UK market for over three decades.

© 2017 British-American Business Connections