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Reckless approach to U.S. trade talks poses risk, says Scotland

Christian Fernsby |
The UK Government’s approach to a trade deal with the United States poses a significant risk to Scotland’s economy, Minister for Trade Ivan McKee has warned.

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Topics: U.S.    TRADE    SCOTLAND   

The Scottish Government estimates that loss of friction free-trade with the EU would lower GDP by 6.1% by 2030.

By contrast, analysis by the UK Government shows a free trade agreement with the US would only increase UK GDP by up to 0.16%, meaning the deal fails to make up for the loss from the single EU market.

Despite repeated calls for Scottish interests and standards to be protected by prioritising EU trade talks over an agreement with the U.S., the UK Government has published its negotiating objectives for an agreement without any meaningful engagement with the Scottish Government.

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