On October 16, 2018, the United States announced its intent to negotiate a trade
agreement with the UK. The United Kingdom published its negotiating objectives for
a free trade agreement with the US on March 2nd, 2020. On May 5, 2020 the US and UK
governments started negotiating a US-UK Free Trade Agreement. Talks will cover goods
and services trade, digital trade, investment and supporting SMEs. On May 5-15, 2020
around 200 negotiators from the UK and the US held the first round of negotiations for
a UK-US FTA.
The third UK-U.S. Free Trade Agreement (FTA) negotiating round took place from 27 July
to 7 August 2020.There were 33 sessions held in the round, covering 21 different areas:
Good Regulatory Practice (GRP), Technical Barriers To Trade, Intellectual Property,
Investment, Sanitary and Phytosanitary (SPS),State Owned Enterprises, Anti-Corruption,
Financial Services, Competition, Environment, Services Sectors – Professional Business
Services, Balance of Payments, Rules Of Origin, Cross Cutting Services, Legal Group -
Core Text, Market Access – Textiles, Trade Remedies, Market Access, Customs and Trade
Facilitation, Sectoral Annexes, and Telecoms. The fourth round of negotiations began
on September 8, 2020.