Next round of UK-U.S. trade talks to being on September 8: UK minister

Thu Sep 03 2020
Lucy Harlow (4124 articles)
Next round of UK-U.S. trade talks to being on September 8: UK minister

Britain will hold a new round of talks with the United States on a trade deal next week, trade department minister Greg Hands said on Thursday, adding that the government talks to both sides of the U.S. political divide before this year’s election.

Britain has prioritised striking a trade deal with the United States as it seeks to carve out new business relationships around the world following its exit from the European Union, and with it all EU-negotiated trade deals.

“I can announce today that the next round (of talks) will start next Tuesday, the 8th of September,” Hands told parliament.

The prospect of a U.S. deal is clouded by a November presidential election and the possibility that a new administration with new priorities might take over.

However, Hands sought to downplay that risk.

“In terms of the U.S., clearly … we talk with all parts of the U.S. political system. We make sure that senators, members of Congress, governors from both parties right the way across the United States … buy into a future UK-U.S. free trade agreement.”

Britain’s top five targets for post-Brexit trade deals are the U.S., Japan, Australia, New Zealand and the EU.

Ministers said that a deal with Japan was expected to be finalised in the next few weeks, having already missed an end of August target.

The department also said the next round of trade talks with Australia will begin on Sept. 21.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe