US-UK Free Trade Agreement

19th June 2020

The benefits of an ambitious and comprehensive UK-US FTA are substantial. Aside from being the world’s largest economy, the US is the UK’s single largest trading partner. Total UK-US trade in the last year was valued at £220.9 billion, and our countries have over £700 billion invested in each other’s economies. Every day, over a million Britons and more than a million Americans work for companies from the other nation.

A UK-US FTA could benefit all four nations of the UK and almost every sector. The agricultural sector would be a winner with lower input costs and a bigger export market. Moreover, the 30,000 Small and Medium Sized Enterprises who export to the US from all parts of the UK would benefit from the cutting of tariffs, trade barriers and red tape. 

Exports of Scottish salmon and Whisky, Welsh steel and lamb, machinery and furniture built in Northern Ireland, vehicles made in the Midlands, manufactured products from the North of England and financial services from London could all be boosted by a comprehensive FTA with the US.

I welcome that the Government has consulted widely on its negotiating plans. Indeed, there were 158,720 responses submitted to the consultation recently held on trade negotiations with the US. Respondents noted, for example, that further reducing US tariffs across the automotive, ceramics, chemicals, processed food and drinks and textiles sectors could be beneficial.

Coronavirus - COVID-19

Image by Olga Lionart from Pixabay

For the latest Government advice on the Coronavirus pandemic visit www.gov.uk/coronavirus

For the latest medical advice visit www.nhs.uk/coronavirus

CLICK HERE for Gloucestershire Community Help Hub

Gloucestershire County Council
01452 425000
 
Cotswolds DC: 
By phone
  • Main switchboard: 01285 623000
  • Emergency Out of Hours: 0151 343 2942
  • Telephone payments*: 01285 623666
 
Stroud DC: 01453 766321
www.stroud.gov.uk (inc. support services map)
Stroud Citizens Advice: 0808 8000510
Stroud Job Centre: 0800 1690190

 

(inc. financial support for individuals & businesses)
 
Emergency services: 999
Non-emergency medical: 111 or www.111.nhs.uk/
 
 
 
Universal Credit: 0800 3285644
 
 
UK Visas & immigration: 0300 1232253
 
National domestic Violence line: 0808 2000247
Gloucestershire Abuse support: 01452 726570

 

Ten Climate Actions To Celebrate

The Cotswolds

1. The UK passed the world’s first Climate Change Act over a decade ago with cross-party support. This gave us both a framework to set statutory carbon budgets and set up the independent Committee on Climate Change.

Latest Newsletter

Meeting between Chief Constable and Gloucestershire MPs

It has been 1,317 days since the result of the Brexit Referendum, I am sure I am not the only one who feels it has been longer, but tonight at 11 pm the Withdrawal Agreement comes into force and we will be leaving the EU immediately.

31st January 2020

View The Cotswolds in a larger map