Lighthizer, UK Trade Secretary Discuss Possible Post-Brexit Bilateral Trade Deal
United Kingdom International Trade Secretary Liam Fox visited U.S. Trade Representative Robert Lighthizer on June 19 in Washington, where the men discussed the possibility of laying the groundwork for a new trade agreement “soon after Brexit,” the Office of the…
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U.S. Trade Representative said in a statement (here). "Our valuable talks underlined the shared interest in forging a closer trade and economic relationship including making progress on policy coordination, regulatory issues and expanding trade and investment between our economies,” Fox said in a statement. "As our largest single trading partner, we have a strong foundation to build on as we start preparation on joint work to explore a future ambitious trade agreement once the UK has left the EU.” Formal Brexit negotiations started June 19. Lighthizer in a statement said he looks forward to working with Fox and Congress on the future of bilateral trade relations, including exploring the potential of a U.S.-UK trade deal. Trade between the two countries is valued at about $230 billion per year, USTR said.