THE BUSINESS OF INTERNATIONAL TRADE
International Trade Secretary Liz Truss is in the United States for a series of meetings aimed at fostering closer cooperation on making global trade free and fair, and promoting the UK as an inward investment destination, particularly in digital industries.
Among meetings on the five day trip, Ms Truss will meet her counterpart, US Trade Representative Katherine Tai to discuss how to deal with market-distorting trade practices around the globe, such as industrial subsidies and dumping.
She will travel to the West Coast to promote the UK as a leading investment destination to US tech firms. She will encourage them to attend a Global Investment Summit at Windsor Castle in October and tell them and leading Democrats about how a future UK-US free trade agreement could "set gold-standard rules on digital trade".
Among other objectives she will meet with Deputy Agriculture Secretary Jewel Bronaugh in Washington DC and try to overcome the ban on British lamb exports to the US. This dates back to 1989 when it was imposed amid fears over mad cow disease. The ban on US imports of British beef was lifted in 2020 and UK beef exports to the US are now valued at £66m. Truss hopes to add lamb to the growing list of allowable exports.
Ms Truss said she is "visiting the US to build on the progress we've already made on tackling market-distorting practices that threaten the future progress and prosperity we can make around the world through free and fair trade". However she is said to be resigned to not getting a trade deal with the US until 2023 at the earliest.
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