Quote:
Originally Posted by OLD BOY
OK, memoranda of understanding, then!  |
There’s a very important difference - Trade Deals are contractual arrangement between states concerning their trade relationships, whilst an MoU is a non-binding agreement between parties, typically to outline their intentions, goals, and potential areas of cooperation.
One is legally binding, the other isn’t…
The seven States don’t have any Trade Deals with the U.K. as only Congress can legally do this.