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US seeking bilateral trade deal with UK to press EU on TTIP
Source: The Guardian
US seeking bilateral trade deal with UK to press EU on TTIP
American officials moving swiftly to cement economic relationship
with Britain and speed up stalled transatlantic trade deal with Europe
Patrick Wintour diplomatic editor
Wednesday 20 July 2016 18.41 BST
A potentially swift bilateral trade and investment deal with the UK is being suggested by American officials as a way of pressing the European Union to speed up its own stalled transatlantic trade deal, as well as cementing a commitment to the UK-US economic relationship.
The news will be welcomed by the international trade secretary, Liam Fox, who has been charged with striking British trade deals to replace the EU’s deals with the rest of the world. The UK cannot formally sign any trade deals with other countries or trading blocs until it has left the EU, but it appears to be accepted that negotiations on the outline shape of such deals can start before that happens.
During the EU referendum campaign Barack Obama, the US President, said the UK would have to go to the back of the queue for a trade deal with America if it left the EU, but in the wake of the vote US thinking seems to be changing. Fox is due to visit the US shortly.
The US Secretary of State, John Kerry, has spent two days in the UK talking with Downing Street officials and new foreign secretary, Boris Johnson, trying to assess the kind of eventual relationship the UK would like to agree with the EU, and the trade-offs it might accept in order to retain access to the EU single market.
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American officials moving swiftly to cement economic relationship
with Britain and speed up stalled transatlantic trade deal with Europe
Patrick Wintour diplomatic editor
Wednesday 20 July 2016 18.41 BST
A potentially swift bilateral trade and investment deal with the UK is being suggested by American officials as a way of pressing the European Union to speed up its own stalled transatlantic trade deal, as well as cementing a commitment to the UK-US economic relationship.
The news will be welcomed by the international trade secretary, Liam Fox, who has been charged with striking British trade deals to replace the EU’s deals with the rest of the world. The UK cannot formally sign any trade deals with other countries or trading blocs until it has left the EU, but it appears to be accepted that negotiations on the outline shape of such deals can start before that happens.
During the EU referendum campaign Barack Obama, the US President, said the UK would have to go to the back of the queue for a trade deal with America if it left the EU, but in the wake of the vote US thinking seems to be changing. Fox is due to visit the US shortly.
The US Secretary of State, John Kerry, has spent two days in the UK talking with Downing Street officials and new foreign secretary, Boris Johnson, trying to assess the kind of eventual relationship the UK would like to agree with the EU, and the trade-offs it might accept in order to retain access to the EU single market.
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Read more: https://www.theguardian.com/us-news/2016/jul/20/us-seeking-bilateral-trade-deal-with-uk-to-press-eu-on-ttip
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