The United States and Britain signed an agreement ensuring that trade will continue to flow smoothly between the two countries after Brexit at the end of the year.
According to Reuters, British Treasury Secretary Jesse Norman said in a statement that this is an important agreement that guarantees continuity after leaving the European Union, and shows the strength of customs relations between the United States and Britain .
This agreement allows for continued cooperation in combating customs violations by sharing information and best practices, and provides the legal basis for programs to facilitate trade flows to importers and exporters.
In addition, British International Trade Minister Liz Truss announced earlier that Britain had signed a free trade agreement with Singapore to increase access for both countries to each other's markets. >
and wrote on her Twitter page: She signed an agreement with Singapore covering trade worth 17.6 billion pounds sterling, the second largest agreement we signed in the Asia-Pacific region. She posted a picture showing Truss alongside Singaporean Commerce Minister Shan Shun.
The Independent stated that this agreement eliminates tariffs for the two countries in the British and Singaporean markets to facilitate commercial transactions between them, and non-tariff barriers must be reduced in four major sectors including electronics Cars, pharmaceuticals, medical devices and renewable energy.
This agreement is similar to the agreement concluded by Singapore with the European Union, and a joint ministerial statement from the British and Singaporean sides stated that according to the agreement tariffs will remain canceled for up to 84% of All tariff lines for Singapore's exports to Britain.
This is Britain's first free trade agreement with a member state of the Association of Southeast Asian Nations, and it is also an important agreement for Singapore, which classifies Britain as its third largest trading partner. .
Kenyan Trade Minister Betty Maina announced Thursday that Kenya has signed an agreement with the United Kingdom to ensure the continuation of preferential trade terms with its biggest European partner after Brexit. European.
Bloomberg reported that Maina said that Kenya, the largest economy in the East African Community, bucked other members in drafting the bilateral agreement because it is classified as a developing economy, and will not be eligible to reach The preferences granted to less developed countries ... explaining that Kenyan exports, including ...
