The United States and Britain have begun major trade negotiations



The United States and Britain have begun major trade negotiations

Agriculture is expected to be one of the most pressing issues in the negotiations, due to strong British opposition to American genetically modified crops and antibacterial drugs for poultry.





The US and Great Britain who left the European Union, have started trade negotiations at a time when both countries are struggling to strengthen domestic supply chains. This was announced on Tuesday, May 5, Reuters reports.

These talks will be the first major new trade negotiations in Washington in 2020 and will be held simultaneously with the development of trade relations with the EU, the deadline for which ends at the end of the year.

U.S. trade representative Robert Lightheiser has barely spoken publicly about trade negotiations with Britain since he published a broad set of goals over a year ago that required full access for American agricultural products and reduced duties on American manufactured goods.

Agriculture is expected to be one of the most pressing issues in the negotiations, given the strong British opposition to American genetically modified crops and antibacterial drugs for poultry.

Prime Minister Boris Johnson promised “tough bargaining” and British Foreign Trade Secretary Liz Trass said that Britain will not lower its food safety standards.





The U.S. Chamber of Commerce on Monday called on the two historic allies to abolish all duties, saying it would improve the long-term prospects for both countries at a time when their economies have been hit hard by measures aimed at containing the spread of coronavirus.

Trade-in goods between the United States and the United Kingdom in 2018 were estimated at $127.1 billion, with both sides roughly in balance, while trade in services exceeded $134.8 billion.

It was previously reported that the EU and the United Kingdom had started discussing a trade agreement after Brexit.





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