Trade Relations with the United States (US)
The EU and US are the world's largest two economies. Each is the other’s largest market. Two-way trade amounts to over £300 billion a year. More than 5000 US companies are based in the UK, with almost 10,000 across the whole of the EU.
BERR monitors and analyses trade policy developments in the US, Canada and the North America Free Trade Agreement (NAFTA) and Free Trade Area of the Americas (FTAA) agreements, and develop UK policies on trade relations with the region, mainly through the European Union. Our counterparts in the US are the office of the US Trade Representative (USTR) and the New Transatlantic Agenda (NTA) governs the EU-US relationship. Trade is one of the key elements of the NTA.
A number of transatlantic dialogues were established under the NTA. The Transatlantic Business Dialogue (TABD), which, was established in 1995 as a “virtual organisation” of the EU and US businesses cover trade aspects in detail. The TABD is a business-to-business group, which develops positions on a range of trade matters through a series of sub-groups devoted to particular issues. The TABD then presents its recommendations to EU and US governments.
For further information see related links on right hand side .
Contact
John Souttar
Tel: 020 7215 4476
Fax: 020 7215 4391
E-Mail: john.souttar@berr.gov.uk