IPR, E-Commerce, SMEs Among Topics in U.S.-UK Trade Talks
The U.S. and the United Kingdom held the second meeting of their bilateral trade and investment working group in London Nov. 15 to continue discussions on ways to ensure commercial continuity and strengthen two-way trade ahead of Britain’s March 2019 exit from the European Union. The working group is also laying the groundwork for a potential post-Brexit U.S.-UK free trade agreement.
According to a joint statement issued at the conclusion of the meeting, areas in which the two sides are working closely include the following.
- A dialogue will be established to promote closer collaboration and the sharing of best practices on policies and programs to support small and medium-sized enterprises and export opportunities in each country’s market.
- Efforts are underway to develop joint educational tools and resources for SMEs to support bilateral trade in creative and innovative products, and discussions will continue on enforcement approaches, policy tools, and voluntary initiatives for addressing online piracy, including the emerging challenge of illicit streaming devices and services.
- The Treasury Department and Her Majesty’s Treasury will work to enhance efforts to promote global financial stability and efficient markets and address financial continuity issues arising from Brexit.
- Agencies are working toward an agreement that would establish the technical and legal safeguards to support U.S. space launch vehicle operations from UK launch sites.
Other topics the working group is expected to cover include industrial and agricultural goods, services, investment, digital trade, trade-related regulatory issues, and labor and environment/sustainable development.