AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)

LONDON: Britain said Wednesday it will hold a series of talks with the United States, as it seeks to pin down a long-awaited trade deal with the world's biggest economy after Brexit.

US Trade Representative Katherine Tai and Britain's International Trade Secretary Anne-Marie Trevelyan will hold discussions in Baltimore on March 21-22 and in the UK in the coming weeks, the government said in a statement.

The dialogues "will explore how the United States and United Kingdom can collaborate to advance mutual international trade priorities rooted in our shared values", it added.

London has negotiated a host of international trade deals since formally leaving the European Union on January 1, 2021, but a deal with Washington has so far proved elusive.

The talks come after US President Joe Biden and British Prime Minister Boris Johnson last year adopted a new "Atlantic Charter".

Trade between the close allies stands at approximately £200 billion ($261 billion, 238 billion euros) a year.

"I am pleased to welcome Secretary Trevelyan to Baltimore later this month as we begin an open-minded and deep discussion on how we can advance smarter and more strategic trade between our two countries," said Tai in the statement.

Global carmakers raided by EU and UK antitrust regulators

"The United Kingdom is one of our oldest and most trusted allies, and our partnership is rooted in shared values and priorities."

Trevelyan added that the pair would focus on "how the UK and US can use trade intelligently in the modern global economy" while deepening trade links.

"I look forward to welcoming Ambassador Tai to the UK later this spring," she said.

A free trade deal between London and Washington has long been regarded as a key prize of Brexit.

However, it has yet to be realised more than five years after Britons voted to leave the European Union, not least because of wrangling over post-Brexit trading arrangements in Northern Ireland.

Washington, and notably Irish-American US President Joe Biden, has warned London that a trade deal would be unlikely if its opposition to the so-called protocol threatened a US-brokered peace deal in the province.

Last June, Britain and the US agreed to suspend retaliatory tariffs levied during a lengthy dispute over state aid for European plane-maker Airbus and US rival Boeing.

They also agreed to suspend retaliatory tariffs on products including Scotch whisky.

The two nations are also in negotiations to resolve their differences over tariffs on steel and aluminium.

Comments

Comments are closed.