Orient Magazine Issue 87 - June 2022 - Page 16

NEWS - FROM THE UK
Joint statement on UK-U . S . dialogue on future of Atlantic trade in Aberdeen
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 last year of a new ‘ Atlantic Charter ’ and builds on the successful inaugural Trade Dialogue in Baltimore earlier in March .
Secretary of State Trevelyan and Ambassador Tai agreed to collaborate further on : delivering practical support for SMEs , digitising UK-U . S . trade in the modern economy , building resilience in critical supply chains , addressing the global trade impacts of Russia ’ s invasion of Ukraine , promoting environmental protection and the transition to net zero , supporting high labour and environmental standards , and promoting innovation and inclusive economic growth for workers and businesses on both sides of the Atlantic .
Over the two days , Secretary of State Anne-Marie Trevelyan and Ambassador Katherine Tai hosted a series of roundtable discussions with a diverse group of stakeholders from the UK and U . S . business community , trade unions and civil society , in addition to bilateral discussions between UK and U . S . officials .
Drawing on the stakeholder discussions and bilateral talks in Aberdeen and Baltimore , Secretary of State Anne- Marie Trevelyan and Ambassador Katherine Tai directed their teams to work at pace over the next several weeks to develop an ambitious roadmap with economically meaningful outcomes , including in the areas of :
Supporting SMEs to trade - Support and enhance UK-U . S . SME trade , by collaborating to identify and overcome barriers to trade , focusing on trade facilitation for SMEs , sharing and promoting best practice , and working together on activities to promote and support SMEs , including those owned by under-represented groups and women entrepreneurs , and those in disadvantaged communities . We intend to harness the June UK-U . S . SME Dialogue in Boston to help achieve these objectives .
Harnessing the benefits of digital trade - Advance outcomes in digital trade that benefit businesses , including SMEs , workers and consumers by supporting the digitalisation of trading systems and transactions . The UK and U . S . will also seek to build on the G7 Digital Trade Principles .
Levelling up and worker-centric trade - Work to develop more durable and inclusive trade policies that demonstrate that trade can be a force for good and create more opportunities for people and gender equity across the UK and U . S . Support the protection of labour rights and tackle forced labour globally .
Supporting resilient supply chains - Collaborate on promoting critical supply chain resilience to help ensure strong and robust supply chains , bringing together expertise from both our nations .
Food security - Support open , predictable , rules-based agricultural trade to mitigate supply chain disruptions and restore global food security imperilled by Russian aggression in Ukraine . Continue to cooperate closely through the current crisis and other issues impacting agricultural supply chains , to help ensure more resilient , efficient and sustainable food systems against future shocks , and to promote the availability of safe , affordable foods for consumers worldwide .
Supporting the environment and climate action - Deepen cooperation on trade and the environment , with work to promote decarbonising our economies consistent with COP26 outcomes , exchanging information , and developing joint approaches to environment and trade , supporting businesses , green jobs and the growth of lowcarbon economies .