Views from Across the Atlantic: the Outlook for a US-UK FTA

December 23, 2020 JD SUPRA 0 Comments

United Kingdom Free Trade Agreement (FTA) has been a high priority for both President Donald Trump and Prime Minister Boris Johnson, who has made expanding the UK’s trading relationships post-Brexit a high priority. The FTA also enjoys bipartisan support in the U.S. Congress. Talks were formally launched in May 2020 and have proceeded apace through five rounds, most recently late October 2020. However, expiring Trade Promotion Authority (TPA) in the U.S., several still-unresolved issues in the negotiations, and the incoming Biden Administration’s divergent priorities, make the prospects of enactment extremely unlikely in the short term. At the same time, not all hope is lost. Given the progress that has been made in the talks, the bipartisan support that will continue to exist in Congress, and the economic benefits it affords both nations, it’s possible the effort could be revived later in the Biden Administration. Read More.

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