Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

British trade minister to meet top U.S. officials next week, USTR says

Published 08/01/2020, 06:15 PM
Updated 08/02/2020, 12:05 AM
© Reuters. FILE PHOTO:  Members of Britain's cabinet meet at Downing Street in London

By David Shepardson

WASHINGTON (Reuters) - British Trade Minister Liz Truss will meet top U.S. officials in Washington in coming days to assess progress on reaching a free trade agreement between the two countries, a spokesman for the U.S. Trade Representative's Office said on Saturday.

Truss is scheduled to meet U.S. Trade Representative Robert Lighthizer on Monday and Tuesday, his office said, confirming a Financial Times report.

After leaving the European Union in January, Britain is keen to stand alone and has started a series of trade negotiations with other countries. A deal with the United States is seen as a priority.

Truss has previously said there was no timetable set for Britain's trade talks with the United States, adding that British negotiators had made "very good progress" despite conducting talks via video conference due to the coronavirus outbreak.

"We're not going to rush into a deal and there is no deadline. We will be tough in pressing our interests," Truss told a parliamentary committee in June.

The British embassy in Washington did not respond to requests for comment on Saturday.

The FT reported late in July that the British government had abandoned hopes of clinching a free trade deal with the United States ahead of the American presidential election on Nov. 3, with officials blaming the pandemic for slow progress.

U.S. Secretary of State Mike Pompeo said during a visit to London last month that the United States and Britain still have more work to do on a free trade deal.

© Reuters. U.S.-Mexico-Canada Agreement (USMCA) signing in Mexico City

"A third round (of negotiations) scheduled for later this month, a primary focus for the United States is to see that we can make progress on this and bring this to a closure just as quickly as possible," Pompeo said.

Latest comments

Britain is becoming the homeless of Europe, begging any country for a trade deal
that's why EU is begging us to come back. off you go, won't be long till they all leave that corrupt organization.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.