Britain and the United States held their first round of trade negotiations after the epidemic on Tuesday, The British government will resume commercial activities in three stages

In Daily Market Review, English
May 07, 2020

Britain and the United States held their first round of trade negotiations after the epidemic on Tuesday
Britain will officially leave the European Union on January 1 next year. Due to time rush, Britain wants to reach a new trade treaty with the United States as soon as possible. Looking back at the United States, in the face of the epidemic, which seriously affected exports, the United States also wanted to reach an agreement with Britain as soon as possible. Britain has always been the seventh largest trading partner of the United States. However, it is expected that the negotiations between the two parties will not be easy. The United States hopes that the United Kingdom will buy more American agricultural products, but the United Kingdom is resistant to American genetically modified agricultural products and anti-bacterial poultry food. This negotiation will continue until
the 15th of this month.

The British government will resume commercial activities in three stages
The British “Times” quoted news reports that the British government planned to allow the public to resume business activities in three stages, first allowing small shops and outdoor-based workplaces to reopen; the second stage only reopened large shopping malls; bars, restaurants, etc. It will be reopened in the final stage. In addition, the British Prime Minister Johnson said that details of the restart plan will be announced on Sunday, and the market estimates that some of the epidemic prevention restrictions will be lifted as soon as next Monday. This may bring some support to the local economy and the pound exchange rate.


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