U.S. Treasury, USTR sign arrangement on post-Brexit protection

WASHINGTON (Reuters) – The U.S. Treasury and U.S. Exchange Representative’s office marked a two-sided manage the United Kingdom to give protection showcase administrative sureness and progression after the nation leaves the European Union, they said in an announcement on Wednesday.

The Treasury and USTR marked the agreement on Dec. 18, as indicated by the announcement distributed on the USTR’s site. They had reported their goal to sign the U.S.- UK Covered Agreement not long ago, in an offer to give security as Britain gets ready to leave the EU on March 29, 2019.

The settlement permits U.S. safety net providers and reinsurers to “cut formality for their cross-outskirt activities,” USTR Robert Lighthizer said in the announcement.