BAB CEO Duncan Edwards Responds to UK Government’s State-Led Approach to Transatlantic Trade Cooperation
22 February 2022
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London/New York – Following the announcement that the Department for International Trade (DIT) will pursue trade cooperation with individual US states, BAB CEO Duncan Edwards said:
“We welcome DIT’s initiative to strengthen trade and investment ties between the UK and individual states. This is an opportunity for tangible progress to be made to advance transatlantic trade and investment through state level engagement, reflected in the agreements of MoUs (Memorandum of Understanding).
“This initiative should not be seen as a replacement for a full free trade agreement between the UK and the US which is something that our membership continues to believe would benefit both countries, but engaging at the state level presents an opportunity to build the momentum behind the UK-US trade and investment agenda. It will help build a vibrant coalition of support for future UK-US trade talks and strengthen local economic ties, creating new opportunities for US and UK businesses.
“We look forward to continuing to work alongside the government to support this initiative.”
About BritishAmerican Business
BritishAmerican Business is the leading transatlantic trade association created as a result of the merger between the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and actions that protect and enhance the environment for transatlantic trade and investment on behalf of our members.
We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms.
We actively promote trade and investment and support those who make the transatlantic corridor part of their business growth ambition.
For more information, please visit www.babinc.org