Friday, December 11, 2020

Why the U.K. Is Ideally Placed to Negotiate an FTA with the U.S.

Why the U.K. Is an Ideal Free Trade Partner for the U.S., Heritage Foundation Issue Brief#6035, December 11, 2020. "The U.S. and U.K. are currently engaged in intensive negotiations for an ambitious free trade agreement. Such an agreement would build on the already vital trade and investment relationship, and security partnership, between the two nations. It would also offer wider advantages that would help the U.S. to build the positive free trade agenda it needs. The British public broadly supports pursuing free trade agreements outside the European Union, including an agreement with the U.S.; and the British government is moving vigorously to negotiate both continuity and new trade agreements as it exits the EU Customs Union. The U.S. should welcome the fact that the U.K. has entered the world economy as an independent trading nation, and take advantage of this reality by concluding an ambitious free trade agreement with the U.K. in 2021."