2017 data, the EU-27-2020 could become/stay one of the notable partners of the UK, with imports to the UK reaching near $330B, close from the United States ($46B, and China $58B). Trade deals being negotiated United Kingdom–United States free trade agreement EU–UK Trade and Cooperation Agreement UK-Japan Comprehensive Economic Partnership Agreement Other Trade Deals Trade agreements of the United Kingdom Investment In 2013 the UK was the leading country in Europe for inward foreign direct investment (FDI) with $26.51bn. This gave it a 19.31% market share in Europe. In contrast, the UK was second in Europe for outward FDI, with $42.59bn, giving a 17.24% share of the European market. In October 2017, the ONS revised the UK's balance of payments, changing the net international investment position from a surplus of £469bn to a deficit of £22bn. Deeper analysis of outward investment revealed that much of what was thought to be foreign debt securities owned by British companies were actually loans to British citizens. Inward investment also dropped, from a surplus of £120bn in the first half of 2016 to a deficit of £25bn in the same period of 2017. The UK had been relying on a surplus of inward investment to make up for its long-term current account deficit. According to the Office for National Statistics, the UK is the biggest investor in America and the second biggest in China according to the former UK/ China ambassador. Mergers and acquisitions Since 1985 103,430 deals with UK participation have been announced. There have been three major waves of increased M&A activity (2000, 2007 and 2017; see graph "M&A in the UK"). 1999 however, was the year with the highest cumulated value of deals (490. bil GBP, which is about 50% more than the current peak of 2017). The Finance industry and Energy & Power made up most of the value from 2000 until 2018 (both about 15%). Here is a list of the top 10 deals including UK companies. The Vodafone - Mannesmann deal is still the biggest deal in global history. In most cases both the acquiring and target companies have/had shareholders spread throughout the world, not only in the stated countries. European Union membership The proportion of the country's exports going to the EU has fallen from 54 percent to 47 percent over the past decade. The total value of exports however, has increased in the same period from