The International Trade Committee holds the first session of its inquiry into UK-US trade relations. The session looks at what sectors might benefit from a UK-US trade agreement, and the effect on UK trade of any move away from EU regulations to US rules.
Wednesday 25 October, Grimond Room, Portcullis House
- Sam Lowe, Campaign Lead, Brexit and Trade Policy, Friends of the Earth
- Shanker Singham, Director of Economic and Prosperity Studies, Legatum Institute
The session will also consider
Post-Brexit, the UK could be in a position to adopt a regulatory regime closer to the US, but some have argued that this may come at a cost to trade with the EU. The session will consider the potential impact of any change on different sectors and whether the UK should use informal discussions with the US to influence its formal trade negotiations with the EU.
The Committee will also look at how to balance the benefits and risks of any deal for different industries. Will there need to be a trade-off between securing access to valuable markets, such as financial services, and maintaining vulnerable industries, such as agriculture? And what role could government procurement and e-commerce play in a deal?