International Trade Secretary, Dr Liam Fox, meets US Trade Representative Robert Lighthizer to discuss strong bilateral trade relationship
International Trade Secretary, Dr Liam Fox and US Trade Representative, Robert Lighthizer have both outlined their commitment to strengthening economic links between the UK and US. Discussing the possibility of laying the groundwork for a potential new trade agreement soon after Brexit, International Trade Secretary, Dr Liam Fox said: “Our valuable talks underlined the shared interest in forging a closer trade and economic relationship including making progress on policy coordination, regulatory issues and expanding trade and investment between our economies.”
US Trade Representative, Robert Lighthizer further added: “As UK negotiations with the European Union begin, I look forward to working with Dr. Fox and the United States Congress to lay the groundwork for our future trade relationship, including exploring the possibility of a new U.S.-UK trade agreement. In the meantime, the United States is committed to continuing discussions for improving trade and investment and coordinating on addressing global excess capacity issues.”
The US is the single biggest source of inward investment into the UK, with a total of approximately $1 trillion invested in each other’s economies.