To ask His Majesty's Government what assessment they have made of the likely timing of a free trade agreement with the USA.
Answered on
20 July 2023
The United States is not negotiating traditional FTAs with any country. On the 8th of June, the Prime Minister and the President announced a first-of-its-kind economic partnership. The Atlantic Declaration and accompanying Action Plan cover the full spectrum of our economic, technological, commercial and trade relations, and will explore ways to expand our bilateral trade, already worth £279 billion per year.
As part of the Declaration, we announced the immediate launch of negotiations on a Critical Minerals Agreement to ensure UK access to the US market for a strategically important sector of the UK economy and bolster vital supply chains.