US, UK discuss trade pact starting after Brexit[/rtl]
[rtl]Release date:: 2019/8/14 8:42 • [rtl]105 [/rtl][rtl]read [/rtl]times[/rtl]
LONDON (Reuters) - Britain and the United States are discussing a partial trade deal that could take effect on Nov. 1, the day after Britain's exit from the European Union, a senior Trump administration official said.
During a visit to London, US National Security Adviser John Bolton discussed with British Trade Secretary Liz Terrace the possibility of the leaders of the two countries signing a declaration of a road map leading to a trade agreement.
This could happen on the sidelines of the G7 summit in France this month, the official said.
Bolton and British finance minister Sajid Javed discussed the possibility of an interim trade agreement covering all sectors, the official told reporters. He said such an agreement could last for about six months.
Britain is due to leave the European Union on October 31 and Prime Minister Boris Johnson has said he is ready to leave without an agreement, although he hopes for an exit by a deal.
The current impasse with the EU leaves Britain facing a departure without any formal transition or legal agreement covering issues such as trade, data transfers and border policy, prompting some companies to warn that their operations could be damaged.
During his two-day visit, Bolton told the British prime minister that US President Donald Trump wanted to see a successful Brexit on October 31 and that Washington was ready to work quickly on a US-UK free trade agreement.
Bolton, who left Britain, sought to improve relations between the United States and Britain under the leadership of Johnson after sometimes strained ties between Trump and former British Prime Minister Theresa May.
As Britain prepares to leave the European Union in what will be its biggest geopolitical shift since World War II, many diplomats expect London to become increasingly dependent on the United States.