The United States and the United Kingdom could conclude “mini-agreements” before the FTA: “There is always an appetite! “| Politics | New
Against all odds, Prime Minister Boris Johnson struck a trade deal with the EU at the end of December 2020, after nine months of tense negotiations. The deal was undoubtedly a huge triumph for the Prime Minister, who in 2019 won an overwhelming majority in the general election with the promise to ‘make Brexit happen’. Many wonder if he will now be able to make a similar move with the United States – the former mayor of London has put a deal with Washington at the heart of his plans to revive Britain after Brexit.
The election of Democratic President Joe Biden may have complicated things for him.
The new president has made it clear that he will not prioritize a deal with the UK.
Instead, Mr. Biden is adopting an âAmerica Firstâ policy similar to that of former President Donald Trump, fighting âlike hellâ to invest in American businesses and employees.
However, in an exclusive interview with Express.co.uk, a UK government business adviser, who wishes to remain anonymous, insisted that there is still an appetite for a UK business partnership in the US .
The adviser said: “Whenever there is a change of presidency, whatever the views of the new president, there is always a change in internal affairs.
“Inevitably this slows things down for everything else, but there is an appetite for a deal with the UK in the US … especially in areas such as agriculture and financial services.”
The advisor added: “What you’ll probably see is a series of deals.
“Not a full-fledged trade deal, but a series of mini-deals.
âYou could have mutual recognition for a whole bunch of different areas in conformity assessment for different products.
âThe United States and the United Kingdom could go much further in the equivalence type agreements of financial services where London and Washington trust each other much more than anywhere else in the world.
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Former US Trade Representative Robert Lighthizer and outgoing EU Trade Commissioner Phil Hogan said in a joint statement: and reciprocal transatlantic trade, “
Mr Hogan wrote on his Twitter account that the pact “will increase market access for hundreds of millions of dollars in US and European exports.”
He added: “We have an agreement.
“The EU and the United States have agreed on a significant tariff reduction, the first in more than 20 years.
“The deal eliminates or reduces tariffs for 168 million euros (Â£ 150 million) in EU and US exports.”
Referring to the deal Brussels made with the Trump administration at the time, Sam Lowe, senior researcher at the Center for European Reform, wrote on Twitter: “When I said the UK and the states -United could do a mini trade deal this year, that’s the kind of thing I was talking about. “
Members of Congress were hoping the US and UK would strike a groundbreaking deal that is expected to be worth billions this year.
However, to have been rushed through Congress by Mr Biden, a deal should have been reached by July 1.
International Trade Secretary Liz Truss said the UK was focusing on getting the “right deal” with the US rather than a quick deal.