Daily Management Review

UK and US to begin next round of trade agreement talks on September 8


The UK and the US are planning to begin the fourth round of negotiations on a trade agreement after Britain's withdrawal from the European Union (Brexit) on September 8, UK Deputy Foreign Trade Minister Greg Hands said on Thursday.

"I can report today that the next round (of negotiations) will begin next Tuesday, September 8," the official said, speaking in Parliament.

During the third phase of trade negotiations, which took place from July 27 to August 7, the UK reached preliminary agreements on the main points of the agreement, but strongly opposed the import duties on Scotch whiskey, which were previously announced by the US.

The US authorities announced in mid-August that they intend to keep counter-duties against the European Union in the "Airbus case". The measures will continue to cover $ 7.5 billion in trade per year, and duties will be the previous 15% for aircraft and 25% for other products. In particular, the United States retained duties on imports from Europe for goods such as wine and single malt Scotch whiskey.

After Britain leaves the EU, London will need to conclude trade agreements with foreign countries. The terms of the trade agreement with the United States are the most controversial in British society: the opposition says about the dangers of privatizing the national health system, allowing American companies to enter the British market and opening the market for American food that did not enter Britain earlier due to non-compliance with EU norms.

source: bbc.com