The United States and the United Kingdom are confident that ongoing trade talks are heading towards a comprehensive agreement, according to the British trade ministry, which recently said the two sides have finished their fifth round of talks aimed at securing a trade deal. “We believe we are in a good position to move forward after the US election,” an official statement said.
“Following the significant progress made in talks to date, both sides are confident that we are on track for a comprehensive agreement which would provide a significant and mutual benefit to our economies,” the statement from the UK department of international trade said.
The round included focused discussions on market access for goods, including negotiations around product specific rules of origin, which determines whether or not a product can benefit from preferential tariffs under the free trade agreement.
The statement said a programme for future talks had been agreed, but did not offer a date.
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