THERESA May should offer “free movement” to US workers to seal a transatlantic trade deal, a group of experts claim. Economists from both the US and UK will today unveil their own draft of a Free Trade Agreement between America and Brexit Britain. Eleven think tanks on both sides of the Atlantic have agreed the draft legal text of an “ideal” agreement. They have teamed up with Conservative MEP Daniel Hannan who runs the Initiative for Free Trade to publish the draft deal in both countries at the same time. Theresa May comments after cabinet agrees post Brexit trade plan Their plan is designed to highlight the “political and commercial will of securing a deal between world’s largest and 5th largest economies,” yet aspects of it are likely to be highly controversial. “The Ideal U.S.-U.K. Free Trade Agreement: A Free Trader’s Perspective” urges both the UK and US to slash tariffs on imports and exports. And despite immigration … [Read more...] about British and US economists are set to unveil first draft of an ‘ideal’ post-Brexit free-trade agreement
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British business should not bank on the prospect of a US-UK Free Trade Agreement. While it might be a great idea, our latest Harvard research - published today - suggests such an agreement is not going to happen any time soon, and that any gains will be very hard to realise. Ever since the Brexit referendum, the British Government has positioned the opportunity to negotiate an FTA with the US as one of the significant upsides of leaving the EU and a key reason why Brexit must include departure from the Customs Union. Roughly half of Britain’s exports to non-EU countries (or countries with which the EU already has an FTA) go to the US, dwarfing the importance of any other individual market. Encouragingly, President Trump has declared his enthusiasm for doing such a deal. But that does not mean it will happen quickly. Most components of a potential US-UK trade deal are dependent on the terms of the future trading relationship between the UK and the EU which must be concluded first. … [Read more...] about Why Britain Shouldn’t Bank On A Free Trade Agreement With America After Brexit
March 28, the Ukrainian Prime Minister announced that Ukraine and Israel had reached the final stage of signing the agreement on a free trade area. POOL Ukraine plans in 2018 to sign a free trade agreement with Turkey, following that with the EU, Canada and Israel. Prime Minister of Ukraine Volodymyr Groysman made the announcement, speaking on air of a Ukrainian TV channel, UkrAgroConsult reports citing the Government website. "We want to sign a free trade agreement with Turkey this year. This will positively influence the economy and, primarily, the quality of life of Ukrainians," Groysman said. March 28, the Ukrainian Prime Minister announced that Ukraine and Israel had reached the final stage of signing the agreement on a free trade area. Read alsoUkraine launches serial production of new weapons for Turkey (Photo, video)The Canada-Ukraine Free Trade Agreement entered into force in 2017. Since then, the bilateral commodity turnover between Ukraine and Canada has increased by 60%. … [Read more...] about PM Groysman: Ukraine could sign free trade agreement with Turkey in 2018
Canadian officials announced at the weekend that a trade agreement between Canada and the European Free Trade Association (EFTA) had been signed. The pact will increase commercial ties between Canada and Iceland, Norway, Liechtenstein and Switzerland. The agreement was signed in Davos, Switzerland, during the World Economic Forum. Canada’s Minister for International Trade, David Emerson, released a statement about the agreement: “This Free Trade Agreement will open up opportunities by bringing down trade barriers and by providing Canadian business a foothold in the heart of Europe.”“Canada enjoys a close economic relationship with the countries of EFTA which are among the wealthiest and most sophisticated economies in the world,” the statement read. Bilateral trade between Canada and the EFTA countries is currently not particularly substantial, accounting for around $10 billion in 2006. The new agreement is expected to boost this figure. With the free … [Read more...] about Canada and EFTA sign free trade agreement
By Harut Sassounian, Publisher, The California Courier Before the recent turmoil in relations between Turkey and several countries in the Middle East, Europe and the United States, Syria and Jordan had signed a Free Trade Agreement and visa-free travel with Turkey hoping to benefit from its growing economy. Relations between Syria and Turkey quickly deteriorated starting in 2011 when Turkey supported Islamic Jihadists undermining the regime of Syrian President Bashar al-Assad. Earlier this year, going a step further, Turkey brazenly invaded Northern Syria, occupying the town of Afrin and announcing the intention to expand its invasion. Consequently, the mutual trade agreement and visa-free travel between Turkey and Syria were cancelled. Recently, Jordan suspended its own trade agreement with Turkey, after warning repeatedly that it was one-sided and benefited Turkey much more than Jordan. Turkish exports to Jordan in 2016 amounted to $710 million, whereas Jordan’s exports to … [Read more...] about Why Turkey accepted Jordan’s demand to revise their Free Trade Agreement?