Overseas Trade: USA

Department for International Trade written question – answered on 10th May 2019.

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Photo of Lord Bowness Lord Bowness Conservative

To ask Her Majesty's Government whether the UK trades with the United States of America solely on World Trade Organization terms; and if not, how many bilateral trade agreements are in place between the UK and the USA.

Photo of Viscount Younger of Leckie Viscount Younger of Leckie Lord in Waiting (HM Household) (Whip)

The UK is currently party to a number of trade related agreements that the EU has agreed with the United States. These cover issues such as mutual recognition for technical regulations in certain sectors. The UK has now completed work to transition these agreements, where relevant, to bilateral UK-US agreements – ready to come into effect once the UK leaves the EU.

On 14 February, the UK and US signed the Mutual Recognition Agreement (MRA) on Conformity Assessment. Other agreements, including on wine, spirits and marine equipment have been signed between the UK and US to ensure continuity as the UK leaves the EU.

These agreements do not cover the bulk of UK trade with the US (our single largest bilateral trading partner). This is why we intend to prioritise a UK/US free trade agreement once we have left the EU.

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