The two parties have finished their Fifth round of talks aimed at securing a trade deal which is seen in Britain as one of the big prizes on offer after the country left the European Union in January and began negotiating its own bilateral deals.
"Following the significant progress made in the talks to date, both sides are confident that we are on track to a comprehensive agreement that would provide significant mutual benefit to our economies," said a release from the UK Department of Trade.
Both Britain and the United States have repeatedly spoken of the prospects for a deal, but the US presidential election on November 3, which could see a change in administration, has added uncertainty.
«We believe we are in a good position to move forward after the US elections."the official text said. It clarified that a programme for future talks had been agreed, but did not give a date.
The statement notes that Almost all chapters of the agreement are at an advanced stage. and that a significant proportion of the legal text has been agreed in several chapters.
The latest round focused on discussions on market access for goods, including negotiations on product-specific rules of origin, which determine whether or not a product can benefit from preferential tariffs.
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