British Prime Minister, Boris Johnson has admitted that an “issue of priority” could hamper a swift brokering of a trade deal between the UK the US ahead of a meeting with President Joe Biden.
According to Mr. Johnson, a Free Trade Agreement with the UK does not constitute a key concern for President Biden of the US at this time.
SurgeZirc UK reports that a swift transatlantic FTA has been persistently mooted by Leave campaigners, including Boris Johnson, as the biggest prize from Brexit, and the prime minister had stated his intentions right from the off when he assumed the reins of authority two years ago that he was optimistic of a quick deal on tariff-free commerce with former US president, Donald Trump.
The Department for International Trade has projected the profits of a deal at up to £7.7bn, or 0.36 per cent of GDP, – which falls under the predicted losses from Britain’s withdrawal from the EU.
A potential deal with the Trump administration had hit a brickwall due to concerns about chlorinated chicken, hormone-pumped beef and protections for the NHS. However, there seems to be hope rising that a deal could be struck with the Biden administration in the near future.