BritishAmerican Business Statement on the U.S.-UK cooperative framework for Large Civil Aircraft
17 June 2021
Contact: Dominic Parker, Communications Manager email@example.com | 020 7290 9882 | +44 7500 115352
London/New York – In response to today’s announcement that the U.S. and the UK have agreed on a plan to resolve the 17 year large civil aircraft dispute, BritishAmerican Business (BAB) CEO, Duncan Edwards said:
“The decision to suspend tariffs for 5 years and set up a Working Group to do away with this longstanding trade dispute entirely is very good news for our transatlantic community. Throughout the past two years these tariffs, while WTO-compliant, have been an irritant to UK-U.S. trade and investment at a time when energies should have been fully devoted to further strengthening a bilateral relationship that is worth over $13tn in foreign direct investment.
“We hope and expect that the Working Group will consult with industry regularly and extensively in order to reach a permanent and sustainable solution.”
BAB Director of Policy and Trade, Emanuel Adam, said:
“Finding a solution to removing these damaging tariffs has been a top priority for our community since the tariffs were first imposed. We have worked tirelessly to show that the dispute was disproportionately harming smaller businesses in local communities; businesses who struggled to absorb the additional costs of doing business across the Atlantic. Solving this dispute is an important development of our ambition to create a trading environment that is conducive to the many companies who are keen to turn their transatlantic ambitions into reality.”
BritishAmerican Business is the leading transatlantic trade association incorporating 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 action that protect and enhance the environment for transatlantic trade and investment.
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