On April 25 and 26 United Kingdom Secretary of State for International Trade Anne-Marie Trevelyan and United States Trade Representative Ambassador Katherine Tai hosted the second UK-U.S. Dialogue on the Future of Atlantic Trade in Aberdeen, Scotland. The Dialogue follows Prime Minister Boris Johnson and President Biden’s announcement final yr of a brand new ‘Atlantic Charter’ and builds on the profitable inaugural Trade Dialogue in Baltimore earlier in March.
Secretary of State Trevelyan and Ambassador Tai agreed to collaborate additional on: delivering sensible help for SMEs, digitising UK-U.S. trade in the fashionable financial system, constructing resilience in vital provide chains, addressing the worldwide trade impacts of Russia’s invasion of Ukraine, selling environmental safety and the transition to web zero, supporting excessive labour and environmental requirements, and selling innovation and inclusive financial development for employees and companies on either side of the Atlantic.
Over the 2 days, Secretary of State Anne-Marie Trevelyan and Ambassador Katherine Tai hosted a collection of roundtable discussions with a various group of stakeholders from the UK and U.S. enterprise neighborhood, trade unions and civil society, in addition to bilateral discussions between UK and U.S. officers.
Drawing on the stakeholder discussions and bilateral talks in Aberdeen and Baltimore, Secretary of State Anne-Marie Trevelyan and Ambassador Katherine Tai directed their groups to work at tempo over the following a number of weeks to develop an formidable roadmap with economically significant outcomes, together with in the areas of:
Supporting SMEs to trade
– Support and improve UK-U.S. SME trade, by collaborating to determine and overcome boundaries to trade, focusing on trade facilitation for SMEs, sharing and selling finest apply, and dealing collectively on actions to advertise and help SMEs, together with these owned by under-represented teams and girls entrepreneurs, and people in deprived communities. We intend to harness the June UK-U.S. SME Dialogue in Boston to assist obtain these aims.
Harnessing the advantages of digital trade
– Advance outcomes in digital trade that profit companies, together with SMEs, employees and customers by supporting the digitalisation of buying and selling programs and transactions. The UK and U.S. may also search to construct on the G7 Digital Trade Principles.
Levelling up and worker-centric trade
– Work to develop extra sturdy and inclusive trade insurance policies that show that trade is usually a drive for good and create extra alternatives for individuals and gender fairness throughout the UK and U.S. Support the safety of labour rights and sort out pressured labour globally.
Supporting resilient provide chains
– Collaborate on selling vital provide chain resilience to assist guarantee robust and strong provide chains, bringing collectively experience from each our nations.
Food safety
– Support open, predictable, rules-based agricultural trade to mitigate provide chain disruptions and restore international meals safety imperilled by Russian aggression in Ukraine. Continue to cooperate carefully by the present disaster and different points impacting agricultural provide chains, to assist guarantee extra resilient, environment friendly and sustainable meals programs towards future shocks, and to advertise the provision of protected, reasonably priced meals for customers worldwide.
Supporting the setting and local weather motion
– Deepen cooperation on trade and the setting, with work to advertise decarbonising our economies in line with COP26 outcomes, exchanging info, and creating joint approaches to setting and trade, supporting companies, inexperienced jobs and the expansion of low-carbon economies.
Russia’s invasion of Ukraine
The UK and the U.S. stand with Ukraine and its individuals in the face of the Russian President Putin’s unprovoked, premeditated assault towards the sovereign nation of Ukraine. In coordination with their allies and companions, the UK and the U.S. have already adopted unprecedented financial and monetary sanctions towards Russia, and so they stand prepared to extend the financial stress to assist deliver this warfare to an finish. Ministers agreed that their officers would stay carefully coordinated, and they’ll encourage different worldwide companions, together with the G7 and different WTO Members, to take motion in help of Ukraine’s financial restoration.
Joint statement on UK-U.S. dialogue on future of Atlantic trade in Aberdeen & More Latest News Update
Joint statement on UK-U.S. dialogue on future of Atlantic trade in Aberdeen & More Live News
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