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U.S. commerce chief, UK commerce minister focus on metal and aluminum sectors -USTR By Reuters


© Reuters. FILE PHOTO: Britain’s Worldwide Commerce Secretary Anne-Marie Trevelyan speaks throughout the World Funding Summit on the Science Museum, in London, Britain, October 19, 2021. Leon Neal/Pool through REUTERS

By Andrea Shalal and Ismail Shakil

WASHINGTON (Reuters) – Prime U.S. commerce negotiator Katherine Tai emphasised Washington’s deal with addressing extra capability within the metal and aluminum sectors from “non-market” economies throughout a gathering with UK commerce minister Anne-Marie Trevelyan on Tuesday, her workplace mentioned.

Tai and Trevelyan underscored the “particular relationship” between the 2 international locations and agreed to remain in shut contact on commerce points, however stopped wanting asserting any formal talks on bringing Britain right into a metal commerce deal signed by the USA and the European Union in October.

The U.S. Commerce Consultant’s workplace mentioned Tai highlighted the continued efforts to work collectively and with different companions to handle the shared challenges posed by non-market insurance policies and practices, together with these of China.

The pair additionally agreed to proceed working collectively on essential World Commerce Group (WTO) subjects in gentle of the postponement of the WTO ministerial assembly scheduled for final week, together with mental property points, the COVID-19 pandemic and fisheries subsidies.

“The Ambassador emphasised the USA’ dedication to working with like-minded companions to handle non-market extra capability within the metal and aluminum sectors, make sure the business’s long-term viability, and addressing the carbon depth of metal and aluminum manufacturing,” USTR mentioned.

USTR final month launched talks with Japan about doubtlessly becoming a member of the metal and aluminum settlement, which maintains U.S. “Part 232” tariffs of 25% on metal and 10% on aluminum, whereas permitting “restricted volumes” of EU-produced metals into the USA obligation free.

Tai and Trevelyan additionally agreed to remain in contact on international provide chains and addressing local weather change, the assertion added.

Britain can also be looking for a full free-trade settlement, however that is still a distant prospect since President Joe Biden has made clear that such a deal isn’t a precedence.

As an alternative, Britain is now pursuing smaller agreements to take away particular commerce boundaries, clear up long-running commerce disputes, and work with particular person U.S. states, business sources mentioned.

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