FOR IMMEDIATE RELEASE
16 November 2017
BritishAmerican Business Welcomes Progress Made by UK & US during the Second Session of the UK-US Trade and Investment Working Group
Statement by BritishAmerican Business at the conclusion of the second meeting of the US-UK Trade and Investment Working Group in London
LONDON – BritishAmerican Business (BAB) welcomed the joint release by the Secretary of State for International Trade, The Rt Hon Dr Liam Fox MP, and the US Trade Representative, Robert Lighthizer, at the culmination of the second session of the UK-US Trade and Investment Working Group (WGTI) which took place in London this week.
The second meeting, the size of the delegations, and the progress in talks, are evidence of sustained momentum by both sides to explore a wide range of areas where the UK and US could have deeper economic integration, and to scope what could go into a potential trade agreement.
We are particularly pleased that the UK and US will be working closely to promote intellectual property, strengthen UK-US financial regulatory cooperation, advance small and medium sized businesses, and develop a UK/US Technology Safeguards Agreement. This builds on the announcement earlier this year that the UK and US have agreed on a Science and Technology Agreement, which BAB supports.
BritishAmerican Business recognises the UK-US economic relationship as a pillar of stability and innovation. We recently released an updated position paper on UK-US Economic Relations, which welcomed the creation of the UK-US WGTI and our commitment to helping the UK and US Governments in their efforts to open a new chapter in the special UK-US economic relationship; a relationship that is so important for the prosperity of our economies, companies and citizens. In preparation for the third meeting of the Group next year, we stand ready to provide a business stakeholder engagement platform into the dialogue, so government can hear directly the views of businesses, that operate across the Atlantic every day, on UK-US market access issues and the scope of a future UK-US Trade Agreement.
About BritishAmerican Business
BritishAmerican Business is an exclusive corporate network and the voice of transatlantic business, dedicated to advancing economic growth for companies with operations in the US and UK. BAB offers strategic insights, introductions and marketing opportunities that help members to generate trade and new business and to power new ideas. Please visit us at www.babinc.org