A ‘phase one’ UK-US trade deal is possible

2020 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Content Type ◽  
Conservative Government ◽  
The United Kingdom ◽  
The Uk ◽  
The Eu

Subject UK-US trade talks. Significance The first round of virtual UK-US free trade negotiations began on Tuesday May 5 and conclude today. While a free trade agreement (FTA) with the United States is a stated priority for the UK government, it will be difficult to conclude a comprehensive deal this year, in particular due to divisions over agrifood and medicine, while there is also not enough time. However, the chances of the United Kingdom and United States agreeing a deal narrower in scope than a fully-fledged FTA are higher. Impacts The main obstacles in reaching an FTA will be regulatory ones. It will be almost impossible for London to address regulatory obstacles with the United States without increasing them in trade with the EU. Washington knows an FTA is politically important for the Conservative government, giving it leverage to shape a favourable deal.

AIIB shows increased US-China institutional rivalry

2015 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
South East Asia ◽  
Content Type ◽  
White House ◽  
Regional Institutions ◽  
Institutional Competition

Significance London's actions drew a harsh, if unofficial, reaction from the White House. It underscores the growing rivalry between the United States and China over the changing architecture of global and regional institutions. Impacts Institutional competition will not spill over much into the security field, where China's neighbours seek to balance it. Increased European involvement in South-east Asia will accelerate movement towards an EU-ASEAN free trade agreement. Increased international prestige could help Chinese President Xi Jinping's domestic clout.

Prospects for Mexico and Central America to end-2017

2017 ◽  
Keyword(s):  
United States ◽  
Central America ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Content Type ◽  
The North ◽  
And Migration ◽  
Business As Usual

Subject Prospects for Mexico and Central America to end-2017. Significance The economies of Mexico and Central America will maintain a ‘business as usual’ stance until renegotiation of the North American Free Trade Agreement (NAFTA) formally starts later in the year. Growth momentum in the region is therefore likely to be maintained for the rest of 2017. Nonetheless, threats to trade and migration links with the United States, and to remittance income, will drive uncertainty.

Growing US Republican Taiwan focus may provoke Beijing

2019 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Content Type ◽  
Trump Administration

Significance Separately, five Republican senators, led by Florida's Marco Rubio, wrote to House Speaker Nancy Pelosi on February 7, requesting she invite Taiwan's President Tsai Ing-wen to address a joint Congress session. Impacts The proposed US-Taiwan free trade agreement is presently unlikely to advance. The Trump administration might be more willing than others to defend Taiwan, but relations with China will take priorty. Taiwan is exporting its political divisions to the United States; the main opposition Kuomintang will open a Washington office this year.

Canada-US tariff troubles may flare more broadly

2018 ◽  
Keyword(s):  
United States ◽  
Foreign Trade ◽  
Free Trade ◽  
North American ◽  
Foreign Relations ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Short Term ◽  
Content Type

Significance Canada has a temporary exemption, but Trump is calling for North American Free Trade Agreement (NAFTA) renegotiations to be completed speedily. The NAFTA and tariffs issues have, therefore, become fused, raising questions about the outlook for Canada-US foreign relations. Impacts In the short term, Canadian steel companies may benefit from reduced foreign providers’ presence in the United States. Canada’s NAFTA negotiators will not respond to the Trump team’s threat to impose tariffs. Canadian businesses will begin to migrate south to take advantage of the new and more competitive US tax regime. Canada’s efforts to diversify its foreign trade and decrease US dependence will further accelerate, but still face hurdles.

A substantial US-UK trade agreement is unlikely

2019 ◽  
Keyword(s):  
United States ◽  
Prime Minister ◽  
Trade Agreement ◽  
The United States ◽  
Political Agenda ◽  
The Political ◽  
Content Type ◽  
The United Kingdom ◽  
Ability To Drive ◽  
The Eu

Subject UK-US trade talks. Significance Hard-line Brexiteers have long viewed a trade agreement with the United States as an important political and economic benefit for the United Kingdom from leaving the EU. With Prime Minister Boris Johnson’s determination to deliver Brexit by October 31 with or without a deal -- the latter appearing more likely -- the prospect of UK-US trade negotiations has risen up the political agenda. Impacts Washington knows a trade deal is politically important to the Conservatives, strengthening its ability to drive a deal favourable to itself. It will be very difficult for London to address regulatory obstacles with the United States without increasing them in trade with the EU. London’s positions on such issues as Iran and Huawei will likely affect the UK’s overall leverage with the United States.

No backstop or no deal is Ireland’s Brexit dilemma

2019 ◽  
Keyword(s):  
United States ◽  
United Kingdom ◽  
Free Trade ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
The United States ◽  
Content Type ◽  
The United Kingdom ◽  
Increasing Risk ◽  
The Eu

Significance Despite the increasing risk and the implications of a no-deal Brexit, Ireland and the EU remain united in support of the main issue preventing a Brexit deal, the backstop. Impacts A time-limited backstop is the most likely prospect for a Brexit deal compromise. Under a no-deal Brexit, Ireland would be under pressure to implement border checks and controls in order to protect EU rules. No deal would make it harder for the United Kingdom to negotiate free-trade agreements with the EU and the United States.

Farming could stall completion of TPP

2015 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Small Contribution ◽  
Lower Income ◽  
Content Type

Subject The outlook for the Trans-Pacific Partnership free trade agreement. Significance Ministers representing the countries negotiating the Trans-Pacific Partnership (TPP) trade agreement recessed their talks on July 31 without concluding the agreement, even though one was expected now that the United States and Japan, the two largest members, have neared agreement on most bilateral issues. Impacts Japan's textiles and transport sectors are likely to benefit significantly; rice will suffer a little and wheat a lot. Japan's overall gains will probably be small and slow to arrive; US gains will be even smaller. Both economies are already relatively open and trade makes a small contribution to their GDPs; this limits scope for gains. The lower-income economies will have by far the largest gains from increased trade and FDI.

Trump trade threats pose many challenges for Mexico

2017 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Direct Investment ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Medium Term ◽  
Content Type ◽  
The North ◽  
Percentage Points

Significance The statement is the latest in a string of similar announcements by companies fearful of obstacles to free trade being put in place between Mexico and the United States. Trump has consistently engaged in protectionist, anti-Mexican rhetoric, pressuring US firms to abandon planned investments in Mexico, demanding a renegotiation of the North American Free Trade Agreement (NAFTA), and threatening to impose a 20% border tax or selective tariffs on Mexican exports. Impacts Mexico will see diminished foreign direct investment (FDI) in 2017 due to uncertainty over the future of NAFTA. A moderate-sized hit to Mexican exports could knock around 0.5 percentage points off growth, possibly contributing to a recession. In the medium term, China could take advantage of worsening US-Mexico relations to deepen economic and political ties with Mexico.

Washington is unlikely to join key Pacific trade pact

2020 ◽  
Keyword(s):  
United States ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Asia Pacific ◽  
Rules Of Origin ◽  
Content Type ◽  
The United Kingdom ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance Beijing’s announcement came shortly after it and 14 other Asia-Pacific countries signed the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement (FTA). Some US partners want Washington to join the CPTPP. Impacts As the largest economy in RCEP, China will have greater leverage in defining trade standards in the region. RCEP’s standardised rules of origin will enable its members to strengthen supply chains within the bloc. The United States remaining outside the CPTPP could diminish the pact’s appeal to the United Kingdom, which wants to become a member.

The Investment Provisions of the Canada—United States Free Trade Agreement: A Canadian Perspective

1990 ◽  
Vol 84 (2) ◽  
pp. 394-443 ◽  
Author(s):  
Jean Raby
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Bilateral Trade ◽  
Good Deal ◽  
Trade Agreement ◽  
Ronald Reagan ◽  
The United States ◽  
The World ◽  
Trading Partners

This is a good deal, a good deal for Canada and a deal that is good for all Canadians. It is also a fair deal, which means that it brings benefits and progress to our partner, the United States of America. When both countries prosper, our democracies are strengthened and leadership has been provided to our trading partners around the world. I think this initiative represents enlightened leadership to the trading partners about what can be accomplished when we determine that we are going to strike down protectionism, move toward liberalized trade, and generate new prosperity for all our people.On January 2, 1988, President Ronald Reagan of the United States and Prime Minister Brian Mulroney of Canada signed the landmark comprehensive Free Trade Agreement (FTA) between the two countries that already enjoyed the largest bilateral trade relationship in the world. The FTA was subsequently ratified by the legislatures of both countries, if only after a bitterly fought election on the subject in Canada. On January 1, 1989, the FTA formally came into effect.

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