UK Steps Up Efforts for a Trade Deal With US

Date : 08/08/2019 @ 8:19AM
Source : Dow Jones News
Stock : FTSE 100 Index (UKX)
Quote : 7307.7  0.0 (0.00%) @ 12:00AM
FTSE 100 share price Chart

UK Steps Up Efforts for a Trade Deal With US

FTSE 100
Index Chart

6 Months : From May 2019 to Nov 2019

Click Here for more FTSE 100 Charts.
By WSJ City 

British Prime Minister Boris Johnson's government launched a charm offensive in Washington this week in a bid to secure a trade deal with the US quickly after the UK leaves the European Union.

KEY FACT

--- British law makers met with members of the Trump administration to lay the groundwork for a deal.

--- British Foreign Secretary Dominic Raab met with President Trump on Wednesday.

--- After his meeting, Raab said the UK government is aims to complete a bilateral agreement with the US.

--- Trade Secretary Liz Truss met with US Trade Representative Robert Lighthizer earlier in the week.

--- British officials hope more contentious aspects, such as position of the NHS could be settled and fleshed out at a later date.

--- The UK is also seeking trade deals with other countries, including Canada, which Raab visited on Tuesday.

Why This Matters

The fate of such a deal is largely in US hands. A quick deal could limit the US's ability to use a trade deal to pry open access to other parts of the UK market, including government procurement, access to Britain's National Health Service and relaxing British agricultural standards.

The UK has already held six meetings with US officials to lay the foundations of a trade a deal. However, under EU rules, the UK isn't allowed to sign one until it has formally left the bloc. The British government is considering ignoring this restriction, say people familiar with the matter, a strategy that would risk harming relations with the bloc.

A fuller story is available on WSJ.com

WSJ City: The news, the key facts and why it matters. Be deeply informed in less than five minutes. You can find more concise stories like this on the WSJ City app. Download now from the App Store or Google Play, or sign up to newsletters here http://www.wsj.com/newsletters?sub=356&mod=djemwsjcity

 

(END) Dow Jones Newswires

August 08, 2019 04:04 ET (08:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20191119 08:03:37