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Negotiations on the UK’s Future Trading Relationship with the US: Update

Statement made on 22 September 2020

Statement UIN HCWS461

Statement

The fourth UK-U.S. Free Trade Agreement (FTA) negotiating round took place from 8 September to 18 September 2020.

There were 29 sessions held in this round, covering 16 different chapter areas. Significant progress has been achieved since launching negotiations in May 2020, and most chapter areas are now in the advanced stages of talks.

In total, 132 sessions have been held over the past four negotiating rounds, as well as an additional 30 intersessional discussions, involving officials from 20 different UK Government departments and agencies.

In the fourth round, both sides continued to have detailed textual discussions, and negotiators are now in the process of consolidating texts in the majority of chapter areas.

Shortly before the fourth negotiating round both sides exchanged their first tariff offers, allowing a series of detailed market access discussions to be held during the round.

The exchange of tariff offers is a notable milestone, and the speed at which this stage has been reached demonstrates the momentum behind these negotiations.

Both sides reiterated their commitment to continue negotiations at pace throughout the Autumn in advance of the US Presidential elections.

The fifth round of talks will take place in mid to late October, with additional intersessional discussions taking place between the fourth and fifth rounds. Further such talks will be held this week on Telecommunications, Intellectual Property, Market Access, and Rules of Origin.

Below is a summary list of those workstreams discussed in the round:

  • Sanitary and Phytosanitary (SPS)
  • Customs and Trade Facilitation
  • Competition
  • Technical Barriers to Trade (TBT)
  • Market Access
  • Financial Services
  • Good Regulatory Practice
  • Rules of Origin
  • Investment
  • Economics
  • Cross Border Trade in Services
  • Industrial Subsidies
  • Sectoral Annexes
  • Core Text
  • Trade Remedies
  • State Owned Enterprises

Statement from

Department for International Trade

Linked statements

This statement has also been made in the House of Lords

Department for International Trade
Negotiations on the UK’s Future Trading Relationship with the US: Update
Lord Grimstone of Boscobel
Minister for Investment
Conservative, Life peer
Statement made 22 September 2020
HLWS456
Lords