Been forwarded this email by a colleague? Sign up today to receive this update straight to your inbox!
Sign Up Now
|
|
July was certainly an interesting time in the policy space - particularly for transatlantic relations. The month began with a series of leaked memos from Britain's then Ambassador to the United States, Sir Kim Darroch, claiming that the Trump administration was "inept" and "clumsy." Sir Kim later resigned his post.
Nonetheless, July also brought with it a new Prime Minister, Boris Johnson, who became the leader of the Conservative Party on 23 July. With the new PM also came a new Cabinet, including a new Secretary of State for International Trade, Elizabeth Truss MP, who has
already met the US Ambassador to the UK, Robert Wood Johnson
, and made a US-UK FTA her
'#1 Priority'
. You can find a full list of the cabinet changes
here.
BAB enjoyed a number of political engagements in July, including a congressional delegation from the United States, alongside the Deputy Chief of Mission, Yael Lempert, and playing an key facilitating role in the sixth meeting of the US-UK Trade and Investment Working Group. Check out everything BAB got up to in the policy space below.
|
|
BritishAmerican Business Welcomes Congressional Delegation to the UK
On Monday 1st July, BAB London had the privilege of welcoming members of the U.S. House of Representatives and Senate, as well as the Deputy Chief of Mission, Yael Lampert, to the offices of BAB member company,
Hogan Lovells
, for a discussion on the future of the transatlantic trade and investment relationship.
We had the pleasure of receiving three US Senators, Senator Roger F Wicker, Senator John Cornyn, Senator Rick Scott, as well as seven honourable Members of the U.S. House of Representatives, Robert Aderholt, Richard Hudson, Tom Graves, Jeff Ducan, Andy Harris, Billy Long, Lee Zeldin, as well as representatives from the U.S. Embassy in London.
We were delighted to facilitate this valuable dialogue between U.S. representatives and leading transatlantic business stakeholders, in a conversation that covered a range of topics, from Brexit to considerations of the future UK-US trading relationship. The success of this event reflects the continuing importance of the UK-US relationship, and the central role BAB plays in shaping its future.
|
|
Policy Engagements, Meetings & Events
|
|
BAB Plays Key Role in Sixth Meeting of The US-UK Trade and Investment Working Group
|
BAB was delighted to be playing a key facilitating role in the Sixth Meeting of the US-UK Trade and Investment Working Group this month.
The Working Group, established in July 2017 by UK Secretary of State for International Trade, Dr Liam Fox MP and United States Trade Representative (USTR) Robert Lighthizer, met in London for
discussions centred around strengthening the transatlantic trade and investment relationship, and
laying the groundwork for a potential future free trade agreement following the UK’s formal exit from the European Union.
Partnered with members
Linklaters LLP
,
BAB convened a cross-sectoral group for a meeting with Assistant United States Trade Representative (AUSTR) Dan Mullaney and Director of Americas Negotiations, Oliver Griffiths, for a report out of the sixth Trade and Investment Working Group (TIWG) meeting. Attendees received an update on the work of the TIWG and current US Trade policy priorities, the main takeaways of the UK-US Trade Agreement consultations and next steps for the TIWG.
Read more about the Working Group's visit
here.
|
|
On 31 July, BritishAmerican Business were at the offices of members
McKinsey & Company
overlooking Piccadilly Circus, London, for a bittersweet farewell drinks reception to John Simmons, Minister Counselor for Commercial Affairs at the U.S. Embassy in London who is shortly moving on to another posting after 4 years in the UK.
We were joined by members of BAB to give thanks to the brilliant work John and his team have done towards the strengthening of the special relationship across the past 4 years. Dame Vivian Hunt, Managing Director UK&I, McKinsey & Co, and Chair of BritishAmerican Business thanked John on behalf of us all at BAB for being such a valued friend during his posting here and we wish him the best of luck on his exciting new post!
|
|
|
|
BAB Joins the City of London Corporation for Working Group Session on Financial Services
|
BAB attended a policy roundtable at the
City of London Corporation
with representatives of the US and UK Governments to discuss the future of the UK-US Financial Services Regulatory Dialogue and the options for FS outside of a trade agreement.
BAB is grateful for the large number of BAB member companies who were also present and Dan Mullaney and Oliver Griffiths and colleagues for their extensive briefing.
|
|
|
|
BAB London Welcomes University of Connecticut MBA Students to the UK
|
|
In July, BAB London had the pleasure of hosting a group of MBA students from
the University of Connecticut (UCONN)
as part of their trip to the United Kingdom, and joined them on a tour of BAB members
UPS
' 32,000sqm London Hub, it's largest investment outside of the USA.
The meeting gave BAB the opportunity to talk with the students about Corporate Social Responsibility, foreign investment in the UK, Brexit, and its potential impact on global supply chains. Visiting the UPS facility also gave the students the opportunity to learn about how a global logistics firm with significant investments in the UK is innovating and preparing for the years ahead.
We'd like to thank the UCONN students for taking the time to visit us, and to our members UPS for hosting us at their London facility.
More information on the new UPS facility
here.
|
|
Statements, Press Releases & Media
|
|
BAB CEO Duncan Edwards Comments on US-EU Trade Dispute Escalation for Luxury Daily
|
|
"These proposed tariffs and those proposed on April 8 are countermeasures by the USA because of E.U. subsidies for Airbus. Unlike the China-related tariffs, they are the result of a WTO-approved process. But that doesn’t make them any more welcome."
"Imposing additional tariffs helps no one. Exporters will faces challenges selling their products and
consumers will have to pay more or switch to alternative products. T he only good news is that these are still in the proposal stage, so we hope they don’t come into effect."
|
|
BritishAmerican Business Congratulates Boris Johnson on Appointment as Prime Minister
24 July 2019
BAB congratulated Boris Johnson on his recent election as leader of the Conservative Party and appointment as Prime Minister.
Read the Press Release
here
.
|
|
BritishAmerican Business Launches Latest Trade & Investment Guide – ‘Finding Your Way: The Trade and Investment Guide to the UK 2019/20’
22 July 2019
In July, BAB launched its latest publication - 'Finding Your Way: The Trade & Investment Guide to the UK 2019/20'
Read the Press Release
here
.
|
|
|
The UK Government Should Pause Before Introducing a Digital Sales Tax
16 July 2019
BAB CEO Duncan Edwards released a statement offering caution to the UK Government before proceeding with the implementation of a revenue-based tax system
Read Duncan's statement
here.
|
|
BAB Welcomes Sixth Session of the US-UK Trade and Investment Working Group in London, UK and Fourth SME Dialogue in Bristol, UK
9 July 2019
During July, the sixth session of the US-UK Trade and Investment Working Group and fourth SME Dialogue took place in the UK. BAB welcomed these meetings to strengthen bi-lateral trade & investment.
Read the Press Release
here.
|
|
|
The 2019 Transatlantic Business Awards Dinner
17 September 2019, New York
BritishAmerican Business’ Transatlantic Business Awards Dinner is the premier gala event of the transatlantic business calendar and regularly attracts an audience of more than 500 senior business and government executives from both sides of the Atlantic.
Each year, BritishAmerican Business uses the occasion to present prestigious Transatlantic Business Awards to the leaders of two major multinational companies for their leadership in transatlantic business, and Special Awards to other distinguished business leaders for their achievements in particular fields.
In addition to celebrating our honorees and the partnership between the United Kingdom and the United States, the Transatlantic Business Awards Dinner provides vital funding for BritishAmerican Business’s important work to promote a positive transatlantic business environment and help its over 500 member companies build their international business.
Date & Time:
17 September, 2019 | 6:30 – 9:30 PM
Location:
The Plaza Hotel | 768 5th Avenue
Dress Code:
Black Tie
Attendance Fees
$100,000 –
Founders Table
$50,000 –
Benefactor Table
$25,000 –
Co-Chair Table
$15,000 –
Patron Table
$2,500 –
Individual Ticket
|
|
BAB Annual Gala Dinner
8 October 2019, London
BAB’s Annual Gala Dinner is a highlight in the London events programme, bringing together senior members of the US and UK Government and representatives from the largest companies on earth operating in the transatlantic space to honour, celebrate and rally behind the special relationship.
This prestigious event is limited to 100 BAB guests, and allows for an intimate evening of networking with the Ambassador and UK Government representatives. BAB can facilitate introductions by inviting (new) corporate guests to join your company’s table.
Date & Time:
8 October 2019 | 7:00 - 10:00 PM
Location:
One Great George Street | Westminster, SW1P 3AA
Dress Code:
Business Attire
|
|
Thank you for reading this month's Trade & Investment Update. If you have any feedback or comments, please
contact us.
If you no longer wish to receive communications from BritishAmerican Business, please unsubscribe using the link below
|
|
|
|
|
|
|
