The United Kingdom has a tariff agreement with the United States. The agreement, which includes agreements on customs systems, makes it possible for both countries to trade freely with each other.
British President Jesse Norman describes it as an important deal that will ensure continuity after Brexit. According to him, the agreement shows the strength of cooperation between American and British customs.
“This agreement allows us to continue to work together to combat customs crime by sharing information and experiences. It also provides a legal basis for arrangements for facilitating trade flows for importers and exporters,” Norman said.
This agreement is not the equivalent of a free trade agreement. The British still want a free trade agreement with the United States, but for now they are focusing on negotiating a Brexit agreement with the EU.
While last week’s talks between the UK and the EU appeared to end in no agreement, now there seems to be a little more positive wind around the talks.
Improvement: In the previous version of this article we wrote that this is a trade agreement. This was later changed Customs Agreement.