UK and US in ‘Atlantic Overseas Negotiations’ on Trade

uThe first meeting is scheduled for March 21 and 22 in Baltimore, on the east coast of the United States.

These meetings will serve as a platform for “further discussions” between the two countries.

Since the United Kingdom’s exit from the European Union (EU), London has been negotiating agreements to promote international trade, particularly trying to strengthen ties with the United States, which have not yet been given the green light by Washington.

London promises that the meetings announced today are aimed at “deepening trade and investment ties.”

Trade between the two countries now represents 200 billion (7 237 billion) a year.

British Foreign Secretary Ann-Marie Travelian and US Trade Representative Catherine Toy will take part in the discussions with “Ministers, senior officials, trade unions, trade and civil society representatives.”

“The United States is our largest trading partner and this new dialogue is an opportunity to facilitate Atlantic overseas trade and make it faster and more profitable,” Trevelyan stressed.

Katherine Toy added that this was the beginning of an “open and in-depth discussion” between the two countries on “how to deepen more intelligent and strategic trade”.

London and Washington settled a trade dispute in June over subsidies to Airbus and Boeing, which allowed the increased tariffs imposed mainly on Scotch whiskey.

The two countries are in talks to resolve a dispute over steel and aluminum, which resulted in reciprocal tariffs in 2018.

Following Brexit, the UK concluded trade agreements with the European Union, but also with non-EU European countries such as Norway, Iceland, Liechtenstein and Japan and Israel.

London has recently signed two agreements with Australia and New Zealand and aims to strengthen trade ties in the Indo-Pacific region with the aim of joining the Trans-Pacific Agreement, which represents 500 billion people in 11 countries.

Read also: G7: Boris Johnson calls President Joe Biden a “breath of fresh air”