Britain said Wednesday it will hold a series of talks with the United States, as it seeks to pin down a long-awaited trade deal with the worlds biggest economy after Brexit.<\/p>\n
US Trade Representative Katherine Tai and Britains International TradeSecretary Anne-Marie Trevelyan will hold discussions in Baltimore on March 21-22 and in the UK in the coming weeks, the government said in a statement.<\/p>\n
The dialogues will explore how the United States and United Kingdom can collaborate to advance mutual international trade priorities rooted in our shared values, it added.<\/p>\n
London has negotiated a host of international trade deals since formally leaving the European Union on January 1, 2021, but a deal with Washington has so far proved elusive.<\/p>\n
The talks come after US President Joe Biden and British Prime Minister Boris Johnson last year adopted a newAtlantic Charter.<\/p>\n
Trade betweenthe close allies stands at approximately 200 billion ($261 billion, 238 billion euros) a year.<\/p>\n
I am pleased to welcome Secretary Trevelyan to Baltimore later this month as we begin an open-minded and deep discussion on how we can advance smarter and more strategic trade between our two countries, said Tai in the statement.<\/p>\n
The United Kingdom is one of our oldest and most trusted allies, and our partnership is rooted in shared values and priorities.<\/p>\n
Trevelyan added that the pair would focus on how the UK and US can use trade intelligently in the modern global economy while deepening trade links.<\/p>\n
I look forward to welcoming Ambassador Tai to the UK later this spring, she said.<\/p>\n
A free trade deal between London and Washington has long been regarded as a key prize of Brexit.<\/p>\n
However, it has yet to be realised more than five years after Britons voted to leave the European Union, not least because of wrangling over post-Brexit trading arrangements in Northern Ireland.<\/p>\n
Washington, and notably Irish-American US President Joe Biden, has warned London that a trade deal would be unlikely if its opposition to the so-called protocol threatened a US-brokered peace deal in the province.<\/p>\n
Last June, Britain and the US agreed to suspend retaliatory tariffs levied during a lengthy dispute over state aid for European plane-maker Airbus and US rival Boeing.<\/p>\n
They also agreed to suspend retaliatory tariffs on products including Scotch whisky.<\/p>\n
The two nations are also in negotiations to resolve their differences over tariffs on steel and aluminium.<\/p>\n
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UK and US to hold trade talks after Brexit - Macau Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Britain said Wednesday it will hold a series of talks with the United States, as it seeks to pin down a long-awaited trade deal with the worlds biggest economy after Brexit. Continue reading