With a deal in place between the newly independent UK and the European Union, American ag groups are anxious to see the U.S. complete its own free trade agreement with the British as the Biden administration prepares to take the reins in ongoing talks.
All of the European Union nations have signaled their approval of the trade agreement with the United Kingdom, allowing the pact to take effect on Friday and prevent the economic turmoil many feared when Britain exits the EU.
The U.K. successfully split from the European Union last week, setting into motion a scramble on both sides of the Atlantic in Washington and Brussels to woo the British into a free-trade agreement as billions of dollars in ag trade hang in the balance.
America’s farmers and ranchers are eager for a U.S. free trade agreement with the U.K., but only if the British are willing to eventually make a clean break from the European Union and all of its restrictions that hamper or block U.S. farm commodities.
British Prime Minister Theresa May today called off a Tuesday vote by the U.K. Parliament on her negotiated plan to withdraw from the European Union. Without giving a specific timeline, May said the vote was delayed because she believed her Brexit plan "would be rejected by a significant margin.”
The deal unveiled this week for Britain to exit the European Union would block U.S. plans to negotiate a free trade agreement with the U.K., preventing a new opening for American agricultural trade with the country, several British officials tell Agri-Pulse.
President Donald Trump and British Prime Minister Theresa May today forcefully stressed that the United States and United Kingdom plan to enter into a free-trade agreement after Britain’s planned exit from the European Union next year.
WASHINGTON, March 29, 2017 - Britain gave its official notice to the EU that the country is pulling out of the pact that has tied it to other European nations for more than 40 years and farmers are speaking up about their concerns.
WASHINGTON, Jan. 31, 2017 - Trade was on the list of topics that U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe talked about on Saturday, according to a White House statement. The two leaders agreed to meet in person in Washington on Feb. 10.