Scotland's First Minister has raised concerns about the impact of the UK/Australia trade deal announced this week on Scottish farmers and called for the agreement to be ratified by Westminster and Holyrood, according to the Edinburgh media.
China's Ambassador in Montevideo Wang Gang Wednesday underlined his country's open attitude towards a trade agreement either bilateral or en bloc with Mercosur (Argentina, Brazil, Paraguay, Uruguay) when Uruguay or the bloc as a whole are ready.
U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the Congressional aid package, while the British pound strengthened after a post-Brexit trade accord agreement was reached.
The outgoing US administration is in talks with the UK to try to seal a mini-deal to reduce trade tariffs, Trump's trade chief has told the BBC. US Trade Representative Robert Lighthizer said he was hopeful for a deal that could see punitive tariffs on Scottish whisky lowered.
The UK signed on Tuesday 15 December a trade deal with Mexico, locking in tariff-free trade and other benefits for British businesses and consumers. The UK-Mexico Trade Continuity Agreement will particularly benefit the automotive, pharmaceutical, textiles, agriculture, food and drink industries and other manufacturing industries, the sectors where the UK has the highest amount of trade with Mexico.
The UK is in the “last leg of negotiations” with the EU over a post-Brexit trade deal, the foreign secretary has said. Dominic Raab told the BBC it was likely the talks were entering the “last real major week”, and an agreement remained possible if the EU showed “pragmatism”.
Uruguayan foreign minister Francisco Bustillo leaves this week for Spain the first of a round of European countries ahead of the coming Mercosur summit to be held next month, under the presidency of Uruguay. Finalizing the Mercosur/European Union trade agreement is the focus of the trip.
Canada and Britain have struck a new trade deal, beating the Dec. 31 Brexit deadline that would have triggered new tariffs on a range of Canadian exports. The interim deal will replace Canada’s current agreement with Britain under the European Union that currently covers trade between the two countries until a new formal pact can be negotiated in the coming year.
Boris Johnson has told the French president the UK wants to “explore every avenue” to secure a post-Brexit trade deal with the EU, days before the PM's self-imposed deadline. Johnson told Emmanuel Macron “intensive talks” were needed to “bridge significant gaps” remaining across the negotiating table.
European Union negotiators have agreed not to allow their opposition to Boris Johnson's plan to break international law distract them from trying to secure a deal over the bloc's relationship with the UK after Brexit.