Among the advantages of Brexit. UK can have FTA with many
countries outside the EU like the US and its former colonies in Asia like MY,
SG, HK, ID. Trump and Bojo now in G7 meeting in France.
See also:
But this report title,
"secret talks", why call it a secret when everyone knows that they
are meeting in France?
Boris Johnson and
Donald Trump set to agree September 'free trade deal' after secret talks
By DAVID MADDOX, MARCO GIANNANGELI AND MACER HALL
PUBLISHED: 00:01, Sun, Aug 25, 2019 | UPDATED: 08:16,
Sun, Aug 25, 2019
“With Boris Johnson
due to hold talks today with Donald Trump at the G7 summit in Biarritz, allies
of the US President have made it clear that the two countries are on the verge
of a major deal. The prospect of a UK-US deal also appears to be putting huge
pressure on the EU to compromise and yesterday there were signs that Brussels’
hard stance against renegotiating a deal was wavering. European Council
President Donald Tusk made a volte face on his uncompromising position early in
the week where he refused to discuss removing the Northern Ireland backstop….
Speaking to
journalists in Biarritz, Mr Johnson said: “I’ve made it absolutely clear I
don’t want a no-deal Brexit. But I say to our friends in the EU, that if they
don’t want a no-deal Brexit we’ve got to get rid of the backstop from the
treaty.
The UK-US trade
agreement is expected to be signed when the Prime Minister and President Trump
meet at the UN General Assembly in New York in September.”
Johnson says US
will need to ‘compromise’ in a trade deal with UK
Sebastian Payne in Biarritz August 24, 2019
“There are massive
opportunities for UK companies to open up, to prise open the American market.
We intend to seize those opportunities but they are going to require our
American friends to compromise and to open up their approach because currently
there are too many restrictions,” he said on Saturday.
Mr Johnson set out
several areas in which he wanted to see trade liberalised between the UK and
the US — including railway carriages, wallpaper, pillows, beef, lamb,
cauliflowers, British peppers, bathroom fittings and pies."
The Ideal
U.S.-U.K. Free Trade Agreement: A Free Trader’s Perspective
Edited by Daniel Ikenson (Cato Institute), Simon Lester
(Cato Institute), and Daniel Hannan (Initiative for Free Trade), 2018. (239
pages)
“Free trade is a
condition characterized by the absence of trade barriers. Establishing the most
important conditions for free trade—the elimination of domestic
barriers—requires no formal agreements between or among governments. It is
misguided to believe that the economic freedom of people living in one
sovereign nation should depend on the consent of a foreign government. But the
benefits that accrue to producers, workers, consumers, and taxpayers when their
own government eliminates or reduces its own trade barriers—regardless of
whether a foreign government agrees to do the same for its citizens—are ample
and well-documented.
The stories behind
the compelling 20th-century economic turnarounds in places such as Hong Kong
and Singapore, Australia and New Zealand, Chile and Mexico, and China and India
have in common the commitments of those governments to deep and broad
unilateral reforms. Those examples and others notwithstanding, trade
liberalization throughout history—and especially over the past 85 years—has
followed a model best described as “mercantilist reciprocity.”
Historically, free
trade agreements have not been about “free trade” per se. These deals are
better
characterized as managed trade agreements because they tend to simultaneously
liberalize, divert, and stymie trade and investment flows. Whereas some parts
of these agreements
clearly reduce
barriers, other provisions work to insulate incumbents and the status quo from
dynamic,
competitive forces….”
Donald Trump and
Boris Johnson 'already working on' UK-US free trade deal
Monday 29 July 2019 10:54, UK
“The US president
said the pair had spoken since Mr Johnson became prime minister and that they
plan to spend time together to formulate an agreement.
Downing Street
confirmed that talks between the two leaders had taken place on Friday evening
and that they would meet at a G7 summit in Biarritz, France, next month.
Mr Trump told
reporters: "We're working already on a trade agreement. And I think it'll
be a very substantial trade agreement, you know we can do with the UK, we can
do three to four times we were actually impeded by their relationship with the
European Union. We were very much impeded on trade. And I think we can do three
to four or five times what we're doing."
--------------See also:
Free Trade 66, Trump's proposal of zero tariff in G7, June 10, 2018
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