Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

UK's Sunak expresses optimism on U.S. economic ties without talking trade deal

Economy Nov 16, 2022 05:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. British Prime Minister Rishi Sunak walks through the heavy rain after holding a news conference with Prime Minister Justin Trudeau of Canada at the G20 summit on November 16, 2022 in Nusa Dua, Indonesia. The G20 meetings are being held in Bali from Novemb

NUSA DUA, Indonesia (Reuters) -British Prime Minister Rishi Sunak expressed optimism on Wednesday that Britain and the United States could deepen their economic relationship but he said he had not spoken specifically about a trade deal with U.S. President Joe Biden.

London once viewed a free trade deal with the United States as the one of the biggest prizes for leaving the European Union. But hopes of a quick agreement were dashed when the Biden administration put all free trade talks on ice.

At a G20 meeting, Sunak said he "didn't discuss the trade deal in particular" with Biden, but had spoken about economic cooperation, particularly on energy.

"I am filled with optimism about our ability to do more trade with the U.S., to deepen our economic relationship. That can happen in lots of different ways," Sunak told a news conference.

Trade minister Kemi Badenoch was in Washington this week and said it was "no secret" Britain wanted a comprehensive free-trade agreement with the United States.

But with talks over a trade deal on ice, London and Washington have instead settled for a strategic dialogue to expand the trading relationship and a focus on signing memorandums of understanding with individual states.

Sunak has indicated he will take a different approach to trade deals to his predecessor Liz Truss, who was prime minister for a few weeks but set the tone for Britain's negotiations as trade minister.

Following criticism of the deals Britain has struck since leaving the EU, Sunak has said he will not rush talks with countries like India. Talks with India did not yield a deal by the Diwali deadline set by former prime minister Boris Johnson.

"My approach will be one where we don't sacrifice quality for speed," Sunak said, adding he remained "committed to" getting a deal with India. "I want to take the time to get trade deals right."

UK's Sunak expresses optimism on U.S. economic ties without talking trade deal
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email