As the US elections take the forefront in all the media, there are speculations as to what result would be more beneficial for the UK and its post-Brexit future.
Many believe the victory of Joe Biden would negatively affect Britain due to his unwillingness to come to agreements with the UK after what has been happening at the Irish border.
Others, including Lisa Nandy, Labour’s shadow foreign secretary, defend the democratic leader’s position toward Britain, while finger-pointing at Boris. Speaking to Sky News, Nandy said “This idea that Joe Biden is somehow anti-British is a misreading of the situation. He’s got a long history of standing with the British people and the British government. The problem from a Democrat perspective is not Britain – the problem is Boris. There is deep concern about the way Boris has cast himself in the mould of President Trump.”
Trump or Biden, the UK is safe
Despite Labour’s criticism of the Prime Minister and the speculations that the British government would find themselves in a stronger position given Trump’s victory, Foreign Secretary Dominic Raab claims that whatever the result of the US elections, the UK’s stability will not be disturbed.
Raab proudly announced that the UK-US “relationship is greater than [the relationship] of any individuals involved in the [Brexit deal] negotiations.” Mr Raab strongly believes that a post-Brexit trade deal can be agreed between the UK and the US, no matter who triumphs in the 2020 US Elections.
Strengthening its position with more trade deals
Dominic Raab’s confidence in post-Brexit Britain’s ability to secure a lucrative UK-US free trade deal comes as British leaders seal another trade deal that strengthens its alliance with the Commonwealth countries. A free-trade deal has been established between the UK and Kenya, making it the 52nd nation to agree on a trade deal with the UK. Looking back at 2019 figures, the numerous agreements are worth a whooping £146 billion to the UK economy.
The new agreement with Kenya allows British companies to export products out of Kenya, duty-free. The deal will benefit many of those in the agricultural sector, where UK firms import to the UK on average, as much as £121 million worth of products, such as coffee, tea and spices. Both parties see the deal as a springboard to further trading in the future, as well as a potential of expanding the trade deals to other East African countries.
The trade deal with Kenya comes less than two months after the first post-Brexit trade deal was agreed with Japan. The agreement has been signed and sealed last week and allows almost all exports to Japan to be tariff-free post Brexit. Signing such a trade deal with Japan, the third-largest economy in the world, strengthens the UK’s position and has been described as a “ground-breaking, British-shaped deal” by the International Trade Secretary, Liz Truss.
While the UK attempts to put their eggs into several different baskets by securing deals with countries outside of the European Union, the Brexit-deal talks between Michel Barner and David Frost continue. With no significant advancements on the outstanding issues, such as the fisheries matter, the discussions are meant to move back to London at the weekend.
With the turmoil of the US elections, Brexit deal talks and the ongoing global pandemic, it becomes extremely difficult for UK import/export businesses to navigate and prepare for all possible scenarios. Our UKCS team of experts is here to support businesses just like yours. If you would like to chat with us about how we could support you in the upcoming months, get in touch.