What is the outlook for the bilateral trade relationships between the US, EU and UK?

Transatlantic trade has arguably entered more predictable waters, with the UK and EU signing the Trade and Cooperation Agreement on 30 December 2020, and Joe Biden being sworn in as US president on 20 January 2021.

But relations between the UK and EU have been rather fractious – including a row over COVID-19 vaccine exports. Post-Brexit concerns over Northern Ireland linger and could have implications for the US-UK free trade negotiations, which were launched under the Trump administration and are currently being reviewed by the new US administration.

What is the outlook for the bilateral trade relationships between the US, EU and UK – and how do the three sets of bilateral trade relationships interact?

Beyond that, how can the three parties work together on shared global trade issues – including tackling unfair trading practices of non-market economies like China, addressing climate change, and reforming the WTO?

How will bilateral tensions that could undermine collaborative efforts be managed (such as permanently resolving the dispute related to large civil aircraft subsidies or settling differences over the taxation of digital services)?

What areas offer the greatest opportunities for increased North Atlantic trade cooperation, and on what issues is there the greatest divergence between the US/UK and US/EU trade agendas?

Participants
Bernd Lange, Member of the European Parliament, Group of the Progressive Alliance of Socialists and Democrats; Chair, Committee on International Trade, European Parliament

Marjorie Chorlins, Senior Vice President, European Affairs, US Chamber of Commerce; Executive Director, US-UK Business Council

Greg Hands, Minister of State for Trade Policy, UK Department for International Trade

Chair: Sir Simon Fraser, Managing Partner, Flint Global; Deputy Chair, Chatham House

Chatham House is consistently ranked as one of the world’s leading policy institutes. Based in London, it provides rigorous and independent analysis on how to build a sustainably secure, prosperous and just world.

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