UK outlines $4.4bn objectives for US trade negotiations

Bloomberg

The UK outlined its negotiating objectives for trade talks with the US, seeking a deal it hopes will deliver a 3.4 billion-pound ($4.4 billion) boost to the British economy.
Talks, which are expected to start this month, will seek to protect the National Health Service and uphold food safety and animal welfare standards — all sticking points in recent dialog between the two sides. The UK will also seek a chapter on digital trade and hopes to “futureproof” the agreement against technological developments, according to a statement from the Department for International Trade.
Prime Minister Boris Johnson’s government has high hopes for an agreement with the US, which its analysis suggests will increase transatlantic trade flows by 15.3 billion pounds. Talks with Brussels over Britain’s future trade relationship with European Union were set to start from Monday.
The government expects manufacturers of ceramics, cars and food and drink, as well as service professionals such as architects and lawyers to benefit most from tariff free access to the US market. Scotland, the North East and the Midlands are also forecast to benefit.    
Talks will be overseen by Chief Trade Negotiation Adviser Crawford Falconer. The government also said it will set out its negotiating aims for Australia, Japan and New Zealand “shortly,” with the target of having 80% of external trade covered by free trade agreements by 2022.

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