UK-US Free Trade Agreement Within a Year Unlikely? - Forex News by FX Leaders
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UK-US Free Trade Agreement Within a Year Unlikely?

Posted Monday, August 26, 2019 by
Arslan Butt • 1 min read

At the G7 summit, UK Prime Minister Boris Johnson and US President Donald Trump have met and discussed the possibility of a “very big trade deal” to come into effect between the US and UK after Brexit. Trump is keen to sign a significant free trade deal with Britain after it exits the EU, but there seem to be some differences that still need to be sorted out.

Johnson hinted at some of the US government’s protectionist policies as possible roadblocks that need to be negotiated before finalizing a free trade deal between the two countries. Johnson hopes that the trade deal would be ready to sign within 12 months but admits that the timeline is “going to be tight”.

From the UK side, Johson has maintained that he would not be interested in opening up NHS to US businesses. He has also insisted that the UK would not be keen to lower animal welfare standards to meet the US’s standards as part of negotiations towards a free trade agreement.

On the US side, the barriers for UK food products entering the US markets also remains very high and is an issue that is sure to crop up in negotiations. Meanwhile, US trade teams are sure to push for greater access to UK markets for US farmers to export their agricultural and food products.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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