Global Trade Negotiations Update

Posted on Thursday 2nd June, 2016 by

EU-US (TTIP)

EU-Japan

  • Material progress on the EU-Japan negotiation should be possible in the autumn
  • UK priorities are food and drink, procurement, automotive, pharmaceuticals, and the removal of Non-Tariff Barriers (NTBs), but please let the Government Trade Policy Unit know of any other concerns.

EU-Mercosur

  • On 8 April 2016, EU Commissioner Cecilia Malmström held a successful meeting with Rodolfo Nin Novoa, Foreign Minister of Uruguay
  • This led to the exchange of market access offers on 11 May 2016
  • The detail of the goods offer, particularly as it relates to agricultural products and biofuels, is sensitive and the EC is aware of concerns raised by various parties, primarily in agriculture
  • The UK is not immune to these sensitivities, but has been encouraging both sides to get back to the negotiating table which now has happened

Trade in Services Agreement (TiSA)

  • The Trade in Services Agreement (TiSA) remains a priority negotiation for the UK
  • Good progress was made during the 17th TiSA negotiating round from 10 to 15 April, particularly on Financial Services, Telecoms, E-commerce, and the temporary movement of services professionals
  • TiSA participants are working to an ambitious work plan which aims to stabilise the key chapters by July 2016 and the remaining texts by September 2016. Participants continue to aim for a conclusion before the end of the Obama Administration

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