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 took place
on September 8-18, 2020. This round included 29 sessions, covering 16 different chapter areas.
The fifth round was held from 19 to 30 October 2020. This round included 38 sessions covering
19 different chapter areas.