Today the UK’s International Trade Secretary, Elizabeth Truss, and the US Trade Representative, Robert Lighthizer, launched negotiations towards a UK-US Free Trade Agreement. This negotiation round will take place over the next two weeks. Further rounds will take place approximately every six weeks.
The UK and the US are already each other’s biggest investors, creating high-skilled jobs and stimulating growth in our respective economies. UK Government analysis shows that a US trade deal could lead to a $19 billion increase in trade which will be mutually beneficial to the UK and the US, including individual States across the United States. A UK-US FTA will also aim to secure comprehensive, far-reaching and mutually beneficial tariff reductions.