{"value":{"id":1247684,"memberId":4097,"member":null,"memberRole":"Secretary of State for Department of International Trade","uin":"HCWS545","dateMade":"2020-11-02T00:00:00","answeringBodyId":202,"answeringBodyName":"Department for International Trade","title":"Negotiations on the UK’s Future Trading Relationship with the US: Update","text":"<p>The fifth UK-U.S. Free Trade Agreement (FTA) negotiating round took place from 19 to 30 October 2020.</p><p> </p><p>This was the most intensive round of negotiations held so far, with 38 sessions covering 19 different chapter areas.</p><p>Almost all chapter areas are now in the advanced stages of talks. A significant proportion of legal text has been agreed across multiple chapters.</p><p>The round included focused discussions on market access for goods, including negotiations around product specific rules of origin, which determines whether or not a product can benefit from preferential tariffs under the FTA.</p><p>We also held detailed textual discussions on a Digital chapter and agreed much of the legal framework for a future agreement.</p><p>Following the significant progress made in talks to date, both sides are confident that we are on track for a comprehensive agreement which would provide a significant and mutual benefit to our economies. We believe we are in a good position to move forward after the U.S. election.</p><p>We have agreed a programme for continued talks at official level for the weeks following the U.S. election.</p><p>Below is a summary list of those workstreams discussed in the round:</p><ul><li>Competition</li><li>Core Text</li><li>Cross Cutting Services</li><li>Customs and Trade Facilitation</li><li>Digital</li><li>Environment</li><li>Financial Services</li><li>Good Regulatory Practice (GRP)</li><li>Investment</li><li>Intellectual Property</li><li>Market Access for Goods</li><li>Rules of Origin and Origin Procedures</li><li>Sanitary and Phytosanitary (SPS)</li><li>Sectoral Annexes</li><li>Services Sectors – Professional Business, Transport and Delivery Services</li><li>State Owned Enterprises</li><li>State to State Dispute Settlement</li><li>Telecoms</li><li>Trade Remedies</li></ul><p> </p>","house":"Commons","noticeNumber":7,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":1247690,"linkType":"JointStatement","linkDate":"2020-11-02T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/1247684","method":"GET"}]}