The UK's approach to trade negotiations with the US

On March 2, 2020, the UK Government published its negotiating objectives for a free trade agreement with the United States, which represents the first major UK step towards an ambitious and comprehensive trade agreement. The objectives can be found at gov.uk. Alongside these, The Government has also published the UK consultation response and a scoping assessment of the potential long-term impacts of an FTA.

The objectives published today show the UK’s desire to work with the US to remove barriers to trade and investment. Key areas where it sees potential are food and drink, advanced manufacturing and services such as financial services, professional and business services and transport services. The FTA is also an opportunity to set a new gold standard for digital trade and IP protection. With a focus on removing barriers to trade, UK analysis (as set out in the scoping assessment) shows an FTA would see an increase in annual bilateral trade between both countries.