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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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<p>On February 28, 2019, the U.S. Trade Representative (USTR) submitted to Congress and released to the public a summary of the Trump administration&rsquo;s <a href="https://ustr.gov/sites/default/files/Summary_of_U.S.-UK_Negotiating_Objectives.pdf" target="_blank" rel="noopener">specific negotiating objectives</a> for its United States-United Kingdom trade agreement negotiations. This follows the USTR&rsquo;s notification to Congress on October 16, 2018, of the Trump administration&rsquo;s intention to enter into negotiations (see Trump and Trade Updates dated <a href="https://www.trumpandtrade.com/2018/10/u-s-trade-representative-announces-intent-launch-trade-negotiations-japan-european-union-united-kingdom/">October 17, 2018</a> and <a href="https://www.trumpandtrade.com/2018/11/ustr-requests-comments-objectives-united-states-united-kingdom-free-trade-agreement/">November 16, 2018</a>), the submission of public comments &ndash; over 133 total &ndash; concerning negotiating objectives for any trade agreement with the UK, and a January 29, 2019 USTR hearing at which 24 witnesses testified on negotiating objectives.</p>
<p>The USTR has stated that its aim in the negotiations is to address both tariff and non-tariff barriers and to achieve fairer, more balanced trade. The introduction to the negotiating objectives notes that &ldquo;the President intends to negotiate a trade agreement with the United Kingdom (UK) once it leaves the European Union (EU).&rdquo; It notes, &ldquo;As the first and fifth biggest global economies, the U.S. economic relationship with the UK is one of the largest and most complex in the world, with annual two-way trade totaling more than $230 billion. Despite this significant trade volume, multiple tariff and non-tariff barriers have challenged U.S. exporters in key sectors while the UK has been a Member State of the EU and therefore a part of the common trade policy of the EU. The UK&rsquo;s decision to leave the EU creates a new opportunity to expand and deepen the U.S.-UK trade relationship.&rdquo; The summary document consists of brief bullet point objectives for such issues as Trade in Goods; Customs and Trade Facilitation; Rules of Origin; Technical Barriers to Trade; Trade in Services; Intellectual Property; Labor; Environment; Trade Remedies; Dispute Settlement; and other trade-related areas of focus for the negotiations.</p>

core/freeform

SmarTrade

U.S. Trade Representative Releases Summary of U.S.-UK Trade Agreement Negotiations