British Prime Minister Liz Truss says that a trade agreement between US and UK is unlikely to be reached in the coming years
According to what is written in the Washington Post, British Prime Minister Liz Truss started her first visit to the United States as British Prime Minister by acknowledging that it is highly unlikely that a trade agreement will be reached between the United Kingdom and the United States in the coming years.
She stated that the transatlantic pact was not one of her objectives, which is a striking departure from the stance taken by her immediate predecessors, Conservative Prime Minister Boris Johnson and Theresa May. Both candidates have offered a trade agreement with the country that has the largest economy in the world as one of the primary prizes in exchange for the country leaving the European Union.
Truss made this statement as he was traveling to New York to attend the United Nations General Assembly. At this time, there are no negotiations taking place with the United States, and I do not have any expectations that they will start in the short or medium term, he said.
She said that she was more focused on joining the Trans-Pacific Trade Partnership and negotiating trade accords with India and the Gulf Cooperation Council, which includes Saudi Arabia and Qatar. She also mentioned that she was interested in establishing diplomatic relations with India.
In a nutshell, these are our top priorities in terms of trade, as stated by the Prime Minister.
Ahead to Truss’s first face-to-face meeting as British prime minister with President Joe Biden, she expressed her dissatisfaction with the state of trade relations with the United States. A meeting between the two heads of state is scheduled to take place on Wednesday in New York, on the margins of a United Nations gathering.
Truss stated that “ensuring that we are able to collectively deal with Russian aggression” and “ensuring that we are not strategically dependent on authoritarian regimes” were her top concerns for the discussion with Biden.
In order to face the challenge posed by Russian aggression, I intend to collaborate with our allies, including the United States, France, the European Union, Poland, and the Baltic countries. She emphasized that this need to be our first priority.
Her request brings the United Kingdom into line with Vice President Joe Biden’s hardline position toward Russia and China. However, because of the standstill in trade negotiations, the so-called “special relationship” that exists between the United Kingdom and the United States is being put on hold.
People who support leaving the European Union claim that one of the primary advantages of doing so will be giving Britain the opportunity to negotiate new trade accords with countries all over the world.
The beginning of trade negotiations between the United Kingdom and the United States was announced not long after the United Kingdom left the European Union in 2020. The talks, however, came to an abrupt end as a result of rising concerns inside the administration of the US President regarding the effects that Brexit might have, notably on Northern Ireland.
A political crisis has developed as a result of increased customs checks being imposed on trade in Northern Ireland as a direct result of Brexit. Northern Ireland is the only portion of the United Kingdom that has a land border with a country that is a member of the European Union.
Due to the diminishing likelihood of achieving a free trade agreement with the United States, Britain has resorted to forging trade agreements with individual states within the United States. These kinds of agreements have been reached with the states of Indiana and North Carolina thus far.