As a copy editor with experience in SEO, it`s important to understand what people are searching for on the topic of trade agreements between the UK and the US. With the ongoing negotiations, people are curious about whether or not a trade agreement between these two countries exists. In this article, we`ll explore the current status of UK-US trade relations.
First, it`s important to note that the UK and the US have historically had a strong trade relationship. In fact, the US is one of the UK`s largest trading partners, with exports to the US accounting for around 18% of the UK`s total exports. However, this relationship has been somewhat uncertain since the UK voted to leave the European Union (EU) in 2016.
Negotiations between the UK and the US for a trade deal began in May 2020, with both sides expressing their desire to establish a comprehensive free trade agreement. However, progress has been slow, and there are still many hurdles to overcome. One of the main sticking points in negotiations is the issue of agriculture, with the US pushing for greater access to the UK market for its agricultural products.
Despite the challenges, it`s important to note that the UK and the US have already signed a trade agreement. In November 2020, the UK and the US signed a continuity agreement that ensures that trade between the two countries will continue without disruption after the UK`s exit from the EU. This agreement preserves the existing terms of the UK`s trade with the US that were previously negotiated with the EU.
While this continuity agreement is a positive step, it`s not the comprehensive free trade agreement that both sides are hoping for. Negotiations between the UK and the US will continue in the coming months, and it remains to be seen whether or not a deal can be reached that satisfies both parties.
In conclusion, while there is a continuity agreement between the UK and the US that ensures trade will continue without disruption, negotiations are ongoing for a more comprehensive free trade agreement. The issue of agriculture remains a sticking point, and it`s uncertain whether or not a deal can be reached that satisfies both sides. As always, we`ll continue to monitor the situation and provide updates as new information becomes available.