The UK has today (Monday 2 March) published its negotiating objectives for a free trade agreement with the United States, with talks expected to begin this month.
The Prime Minister, Boris Johnson said:
“We have the best negotiators in the business and of course, we’re going to drive a hard bargain to boost British industry.
“Trading Scottish smoked salmon for Stetson hats, we will deliver lower prices and more choice for our shoppers.
“Most importantly, this transatlantic trade deal will reflect the unique closeness of our two great nations.”
Businesses set to benefit
A number of businesses across London are set to benefit from increased trade with the US.
Coltraco Ultrasonics is a world leading ultrasonics technology manufacturer headquartered in London. The United States is its leading national market, accounting for 17% of exports.
The company has welcomed an FTA between the UK and US.
Carl Hunter OBE, CEO & Managing Director, Coltraco Ultrasonics Limited said:
“An FTA with the United States, in its capacity as the UK’s number one trading and investment partner, holds the greatest potential for our country and our company.
“For the first time in over 40 years, the UK has an opportunity to place trade and finance as core strategic capabilities, alongside those of defence and security, which are the basis of the UK-US alliance. This has generated the greatest period of stability and peace the world has ever seen.”
Read more about International Trade Secretary Liz Truss https://www.gov.uk/government/news/liz-truss-kick-starts-uk-us-trade-talks
Read the full negotiating deal here: https://www.gov.uk/government/publications/the-uks-approach-to-trade-negotiations-with-the-us