US and Britain start major trade negotiations

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US and Britain start major trade negotiations

It is expected that agriculture will be one of the most sensitive issues in the negotiations, due to strong British opposition to American genetically modified crops and antibiotics for poultry.
The USA and left the EU the UK has begun trade negotiations at a time when both are struggling with the consequences of a pandemic, countries are trying to strengthen the domestic supply chain. On Tuesday, May 5, according to Reuters. These talks will be the first major new trade negotiations Washington in 2020 and will take place concurrently with the development of London’s trade relations with the EU, the deadline for which ends at the end of the year.

U.S. trade representative Robert Lighthizer almost never spoke publicly about trade negotiations with Britain since then, more than a year ago, we published a broad set of objectives, which demanded full access of U.S. agricultural products and reduce tariffs on American industrial goods.

As expected, agriculture is one of the most sensitive issues in the negotiations, given the strong British opposition to American genetically modified crops and antibiotics for poultry. Prime Minister Boris Johnson has promised to “hard bargaining”, and the Minister of international trade Britain Liz Runs said that Britain will not reduce its standards of food safety.

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The U.S. Chamber of Commerce on Monday urged the two historical allies to abolish all duties, stating that this will improve long-term prospects for both countries at a time when their economy suffered greatly from measures aimed at containing the spread of coronavirus.

Trade-in goods between the United States and the United Kingdom to 2018 are estimated at 127,1 billion, and both sides were roughly in balance, while trade in services exceeded 134,8 billion dollars.

Earlier it was reported that the EU and Britain began to discuss a trade agreement after Brexit.