Maritime UK in New York to strengthen transatlantic relationship

ICYMI: Brexit is an opportunity to strengthen our trade links with the US

On October 22^nd we will join UK Secretary of State for International Trade, Dr. Liam Fox, aboard the HMS Queen Elizabeth aircraft carrier to launch the Maritime Nations Forum with our U.S. counterparts. We will be joined alongside by British icon, the RMS Queen Mary 2. These ships symbolise both the closest commercial and security links to be found between two nations, and the UK’s world-class maritime capability – from engineering and training to professional services.

Whilst the European Union is our largest trading partner, the United States is our largest single nation trading partner. Whereas we expect a mutually beneficial deal with the EU to be agreed imminently, we are equally ambitious for the UK to enhance its role as an outward-looking, global trading maritime nation.

That naturally includes reappraising and recommitting ourselves to the transatlantic trade and investment relationship between Britain and the United States. Our delegation’s mission is to explore opportunities to strengthen our relationship with this natural partner.

The UK maritime sector is the fundamental enabler of Britain’s global trade. The sector adds £37.4 billion to UK GDP and supports just under 1,000,000 jobs.

Not only do we facilitate the flow of goods in and out of our island nation; linking to global markets, but we are also, in many ways, the world’s maritime centre. With cutting-edge technology, high-quality design & manufacturing, unparalleled expertise in services and major investment opportunities, the UK is the natural home for global maritime business.

Just as we’re committed to promoting our offer, we’re committed to working with government to ensure that the UK’s pitch is as compelling as possible. To that end, we are working on a sector deal as part of the government’s industrial strategy, to maintain and grow Britain’s position as world-class, competitive, agile maritime centre.

The Sunday Telegraph: Brexit is an opportunity to strengthen our trade links with the US 

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David Dingle and Liam Fox: Maritime ties pave the way for an even closer US-UK trading relationship

The United States and the United Kingdom are, and long have been, two countries divided by sea but united politically, culturally, economically and militarily.

Today we are in New York to ensure a prosperous future by strengthening what Winston Churchill dubbed the “special relationship”. We will do this by affirming our joint commitment to free trade, which is perhaps the point on which our two great countries agree with the greatest strength of conviction. Both the UK and the US have long intuited the value of the free trade of goods and services, and its implications for prosperity, culture and diplomacy.

We trade more with the US than any other country. Every day, a million British nationals go to work for American companies in the UK — and a million Americans go to work for British companies in the US. The UK and the US are the largest investors in each other’s economies, with over $1 trillion invested in total.

C apX: Maritime ties pave the way for an even closer US-UK trading relationship

David Dingle: In a changing world, an Anglo-American free trade relationship can be an example to all

To say the world is changing might strike one as a banality, but it’s nonetheless true. Few can fail to notice or appreciate the ways in which recent developments in the field of technology have disrupted the business landscape and changed the ways in which we live, work and interact. Political shifts, meanwhile, and tougher economic conditions, have spurred and stimulated debate over the best way to grapple with new challenges and seize opportunities—for those ready and willing to do so.

Through it all, the British-American “special relationship” endures. It’s a well-worn phrase, but one that denotes more than 200 years of stability and mutual success. Through a shared commitment to liberal democratic values, and a desire for security and progress, the partnership between the U.K. and the U.S. has flourished. In fact, the U.K.-U.S. economic relationship is by the far the largest between two sovereign states: the investment made by each in the economy of the other amounts to over a trillion dollars; no other bilateral relationship comes close. Transatlantic trade has brought to the shores of both countries peace, economic prosperity and cultural enrichment. Indeed, the very embryo and basis of Anglo-American relations is trade: the principle of respectful commercial exchange that, when looked at globally, lifted a billion people out of poverty between 1900 and the turn of the 21st century. Business, and the trade that is a natural by-product, is a force for good in the world; it is business that funds innovation, creates jobs and drives prosperity, and no one does it better than these two great nations. This Atlantic union transcends politics, parties and individual leaders. Always, our two countries have found common ground.
T he Hill: In a changing world, an Anglo-American free trade relationship can be an example to all