Sir Kerr Starmer is preparing to follow a leading trade agreement with Donald Trump focusing on digital services, according to Gareth Thomas, Minister of Export.
This step comes amid a threat waving on the horizon with global trade tensions, yet the ministers insist that there are “capabilities for sure” to falsify profitable relations with the largest economy in the world.
Mr. Thomas said: “There are always possibilities for making deals in the United States, and certainly about digitization and services. We have a lot to provide and many areas that we can work on, so there are definitely possibilities. We will have to see how they play over time. But it is in the interest of the United States. As well as the interests of the United Kingdom to work together.
The governmental informed suggest that the leader of the Labor Party has already raised commercial issues with Mr. Trump, who in turn hinted that “an agreement has been reached” during the claim that he and Mr. Kiir are “well corresponding to.” Washington sources believe that a partial agreement can be achieved within months, especially if the negotiations focus on technology, digital trade and services – the areas promising to the United Kingdom.
Britain’s attempt to secure a comprehensive agreement in the past, which has deviated from its path due to disputes over agricultural standards related to chicken and beef fed by hormones. An attempt to sign a complete free trade deal with Mr. Trump during his first term stopped as soon as Joe Biden took office, prompting UK ministers to explore more limited arrangements.
Digital services are seen as a gateway to growth, as the United States has already achieved the largest trading partner in the United Kingdom. British exports to America amounted to 182.6 billion pounds in the year to November, with services representing 69 percent, which confirms the possibility of obtaining a deal that focuses on technology. The UK’s digital trade agreement with Singapore in 2022 was described as a possible plan: it simplifies regulations for professional and financial services, law firms, banks and technology companies.
However, the UK digital services tax – which collects approximately 700 million pounds by targeting the revenues created by companies such as Google and Meta – is likely to be a sticky point. Mr. Trump and a piece of technology, Elon Musk, via all their opposition to the imposition. Shadow Rachel Reeves is expected to review the tax if the trade penetrates.
Meanwhile, Sir Kerr has created a “mini” charged with persuading Mr. Trump to reach a positive arrangement, in line with the increasing optimism between the higher working figures that a pragmatic agreement based on the sector stands a stronger opportunity to succeed in full success- a deal in a vagina. The government believes that the appointment of Peter Mandleson as an ambassador to Washington believes that Britain’s advantage is through its wide commercial background.
Despite the pressure on close relations with the United States, Mr. Thomas warned that the UK should not have to choose between Washington and Brussels if the new commercial wars explode. “We must choose both. There are things that we can do to improve the commercial relationship with the European Union, which we must abandon.”
Industry experts agree that service exports, which are strengthened by digital channels such as web sites, applications and cloud computing, provides a great opportunity for British growth. “Services are in fact an opportunity for the United Kingdom. It is a great economy for services but it issues less services than it results. What we also know is that in global trade, services grow faster than goods, so it is an opportunity Increasing. ”
The United Kingdom is the second largest service exporter in the world, and since the European Union left, its services exports have flourished while the merchandise trade has been behind the similar countries. The ministers now hope that the new diplomatic motivation will be able to communicate a modern digital services agreement with the United States, which revives the prospects for international trade in Britain despite the permanent risks of a tariff on both sides of the Atlantic Ocean.
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