BP 20 – The Future of US-UK Trade: What case for a bilateral trade agreement?
Download Briefing Paper Briefing Paper 20 – July 2018 Marc Busch, Michael Gasiorek, Peter Holmes, J. Brad Jensen, Rod Ludema, Emily Lydgate, Anna Maria Mayda, Pietra Rivoli, Jim Rollo, Stephen Weymouth, Rorden Wilkinson and L. Alan Winters Key points Introduction Public support for a US-UK trade agreement What is the economic case for a US-UK trade agreement? So, do the data suggest an agreement is worth pursuing? The regulatory elements of a US-UK agreement: “A TTIP for Two”? Conclusion Endnotes Key points There is public support for a US-UK trade agreement, but this sits alongside worries about existing trade agreements, particularly over NAFTA in the US, and is contingent on the kind of regulatory framework pursued. Seeking an agreement allows both countries to present themselves outwardly as pursuing a sovereign policy in their own best interests as well as constructive members of a liberal world trading order. Any meaningful agreement (economically as opposed to politically) will need to deal with the barriers to trade in services, and the regulatory barriers within specific manufacturing sectors. Given the different approaches to regulation, this may be challenging. Among the most important of challenges in negotiating a US-UK trade agreement will be [...]
