China News Service, August 12th. According to a Reuters report on the 12th, the British government stated that the latest round of trade negotiations between the United Kingdom and the United States has made positive progress in many areas, and the two sides agreed to continue to accelerate the pace of negotiations in the coming months.
After Brexit earlier this year, the UK is trying to reach fast trade agreements with major trading partners such as the US. The UK Trade Department said in a statement: "In many areas covered by the agreement, positive progress continues to be made."
The United Kingdom and the United States reaffirmed their commitment to negotiate a comprehensive and ambitious agreement. In terms of the timetable for the negotiations, the two sides agreed to keep pace throughout the fall.
However, the British Secretary of State for International Trade Liz Truss has told the US that retaliatory tariffs on EU products are unacceptable and should be eliminated. Such tariffs are still affecting British products like Scotch.
According to UK statistics, the total trade volume between the UK and the US in 2019 was 232.7 billion pounds.
In the latest round of negotiations, the two parties discussed rules of origin and intellectual property rules. According to reports, the next round of negotiations will be held in early September, and the two parties will exchange market access conditions for the first time. The UK stated that although it hopes to reach an agreement as soon as possible, it has not set a specific target date.