Minister hails ‘huge opportunities’ to deepen US trade links on first visit

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Tea

The International Trade Secretary has said there are “huge opportunities to deepen business ties benefiting communities on both sides of the Atlantic” ahead of the US’s three-day visit.

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The Department for International Trade (DIT) said that Anne-Marie Trevelyan will use her first official visit to New York and Washington DC this week from December 6-8 to promote transatlantic trade and investment.

Meetings of Cabinet Minister Ms. Trevelyan recently worked towards the removal of the US ban on British beef and lamb, WTO reform, closer trade ties with individual US states and a future free trade agreement with the US, DIT will demand to do. added.

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This comes as new research published by the department on the role of US-owned businesses in the UK suggests the US has been the UK’s single largest inward investment partner country for the past two decades.

International Trade Secretary Anne-Marie Trevelyan (James Manning / PA) , PA Wire

According to a DIT analysis, US-owned businesses supported 1.48 million UK jobs in 2019.

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It said that 60% of these jobs were outside London and the South East.

Wholesale and retail accounted for 29% of UK-owned businesses in 2019, followed by scientific, technological and IT activities accounting for 22%.

Ms Trevelyan said: “From Teesside to Tulsa, there are so many opportunities to deepen business relationships that benefit communities on both sides of the Atlantic.

“We have already made strong progress; from bringing British beef and lamb back on American plates, to reducing the cost of Scotch whiskey exports by addressing the long-running Airbus-Boeing issue.

“The time has come for us to hit the ground running and strengthen ties with our closest ally.”

A 12-year-old Highland single malt whiskey (Jane Barlow/PA) , PA Archive

During her visit, Ms Trevelyan will meet with senior investors in New York before traveling to DC on Tuesday for talks with US Trade Representative Catherine Tai and members of Congress.

She is also expected to meet US Secretary of Commerce Gina Raimondo and participate in the Women in Trade Roundtable organized by the US Chamber of Commerce.

Trade Secretary Penny Mordent will complete a multi-state visit to the Southeastern parts of the US and California from December 5-16 to discuss areas of further cooperation, including services, digital and agriculture.

Culture Secretary Nadine Dorries is also in the US this week where she will hold talks with Ms Raimondo to discuss data and telecommunications issues.

Commenting ahead of Ms Trevelyan’s visit to the US, shadow International Trade Secretary Nick Thomas-Symonds said: “The government has long promised that a free trade agreement with the United States will be at the top of the priority list. Elections are two years away and no agreement has been reached.

“The Secretary of State should use his visit to Washington to prioritize British jobs and industry and kickstart negotiations.

“She should also – urgently – work with the US government to lift the harmful steel and aluminum tariffs she imposed in 2018. The Conservatives have not taken this issue seriously – they must stop frustrating steel workers.”

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