Sen. Rob Portman: Brexit presents new opportunity for trade with Britain
Between the new United States-Mexico-Canada Agreement and a substantial Phase One trade agreement with China, 2020 has already been an outstanding year for American trade. However, further opportunities are on the horizon to knock down barriers to trade and deliver wins for our workers, farmers and businesses.
A new opportunity arises as the United Kingdom finally leaves the European Union, drawing to a close a four-year-long process that has often been tumultuous and uncertain.
While much of the talk around Brexit has been focused on the challenges that this fundamental shift will bring, the newfound independence of the U.K. also creates the chance for a new bilateral U.S.-U.K. trade agreement that further brings together our two countries.
That’s why my colleague, Sen. Chris Coons, D-Del., and I founded and now chair the Senate U.K. Trade Caucus. We are using this bipartisan caucus as a platform to bring together lawmakers and representatives from both governments in order to promote close and long-lasting economic ties between the U.S. and the U.K. In doing so, we are building support in Congress for a trade agreement between our countries.
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