The first round of trade agreement talks between the U.S. and the United Kingdom took place online last month, with negotiators engaged in “positive and constructive” discussions in nearly 30 different groups, covering all aspects of a comprehensive trade agreement.
Negotiators concurred that the envisioned Free Trade Agreement—which has become more critical as the two trading partners have to deal with the economic challenges posed by the COVID-19 pandemic—would contribute to the long-term health of their economies.
Both sides, which conferred May 5 to 15, reportedly are ready to “proceed at an accelerated pace.” A second round is scheduled to take place June 15 to 22, with negotiating teams continuing to meet online on a rolling basis.
A U.S.-U.K. free trade agreement presents a great opportunity to reinvigorate the global free trade agenda. It’s also a unique and timely chance for America and Britain to ensure their fastest possible economic rebound.
To see the full article, please click here