Amid uncertainty around UK's withdrawal from the European Union, Prime Minister Boris Johnson and US President Donald Trump have agreed to strike a bilateral trade deal by July next year.
Local media, citing government sources, said that two leaders are expected to hold negotiations on the trade deal on the sidelines of the 74th UN General Assembly in New York where they could announce their plans, reported Sputnik.
Both the US and UK had the 'political will' to complete the deal by July 2020 as the US election cycle starts soon afterwards, the sources added.
Earlier this month, US Vice President Mike Pence asserted that Trump was willing to begin negotiating a free trade agreement with the United Kingdom as soon as London was ready.
Meanwhile, Johnson, on September 5, said that he would not ask the EU to delay Brexit beyond October 31.
"I'm confident that I can, but to leave on Oct 31 in all circumstances so that the country can move on," the prime minister said in a video posted on his official twitter handle.
Since assuming office in July, Johnson has time and again outlined his aim to make the UK leave the EU by October 31 with or without a deal.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
