The Speaker of the U.S. House of Representatives, Paul Ryan called on Tuesday for Washington, in parallel with its negotiations with Europe, to pursue a separate free trade agreement with Britain, once it has formally separated from the European Union according to Reuters.
The highest-ranking elected Republican in the United States, made this call from many members of his party, who have dismissed President Barack Obama’s contention that Britain will be at the “back of the queue” for trade talks. Obama issued that warning in April when he intervened to try to persuade Britons to vote to remain in the June 23 referendum on staying or leaving the EU.
Free trade agreements require the approval of both houses of the U.S. Congress. Ryan’s Republicans currently control a majority in both the House and Senate.
EU and U.S. negotiations had sought to conclude the Transatlantic Trade and Investment Partnership (TTIP) talks before Obama leaves office in January. Although many of his fellow Democrats oppose trade deals as a potential threat to U.S. jobs, Obama has worked with Republicans to pass trade measures.
Some trade experts have said that a deal on the Transatlantic Trade and Investment Partnership (TTIP) is unlikely for years now without Britain at the table, which could open an opportunity for a separate deal with Britain.