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Welcome to the BABN’s April Policy and Trade Update.
The past month delivered some promising developments for our community, most notably the second US-UK Dialogue on the Future of Transatlantic Trade in Aberdeen, Scotland. As the momentum behind the transatlantic trade agenda continues to grow, we look forward to upcoming forums like the revived SME Dialogue and SelectUSA Summit in June.
See below for a recap of the policy and trade headlines of April 2022, as well as additional information on upcoming events in the Network.
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US-UK Dialogues on the Future of Transatlantic Trade
25 April 2022
Last month, the second US-UK Dialogue on the Future of Transatlantic Trade took place in Aberdeen/Scotland. BAB and the BABN's Chapter in Scotland, the Scottish North America Business Council (SNABC), were among the stakeholders present, as were a number of relevant member companies, to take part in a number of sessions, covering digital trade, green trade, supply chains, and small business, among others.
In a statement issued by BAB, CEO Duncan Edwards stated how much our community supports the US and UK’s effort to enhance trade cooperation. Both Dialogues are a positive sign that the two countries intend to advance the transatlantic trade agenda and seek further alignment and cooperation on pressing trade issues, including sanctions imposed against Russia.
BAB also emphasized that it is important that the discussions and stakeholder contributions made at both Dialogues now lead to tangible progress and new joint initiatives. We welcome the joint US-UK announcement outlining a new roadmap for cooperation, and encourage both governments to maintain this momentum in future trade forums like the US-UK SME Dialogues.
BAB, in collaboration with key stakeholders on both sides of the Atlantic, has been a key stakeholder to these efforts. Following the meetings in Aberdeen, BAB co-hosted a small business reception, in presence of UK Secretary of State for Trade, Anne-Marie Trevelyan and United States Trade Representative Katherine Tai.
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Launch of Transatlantic Confidence Index survey
April 2022
BAB has launched its second annual Transatlantic Confidence Index survey in partnership with member Bain & Company. This year the survey has been expanded to include a sample of US companies doing business in the UK, as well as UK companies doing business in the US.
The survey aims to measure investor confidence in the US and UK as places to do business. The results of the survey will be published in a comprehensive report this summer. You can find the 2021 Transatlantic Confidence Index report here.
If you would like to participate in the survey, please contact Dagny Ahrend at [email protected].
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US-UK SME Dialogue
June 2022
BAB was delighted to see that the revived US-UK SME Dialogue was mentioned in the joint US-UK statement issued after the Trade Dialogue in Aberdeen. It is set to take place in one of the BABN locations, Boston, in June 2022. BAB has been an official partner to previous SME Dialogue and looks forward to supporting this initiative when it is launched later this year.
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SelectUSA Briefing
27 April 2022
Last week, BAB, in collaboration with the wider BABN network, hosted a virtual briefing with the Commercial Team at the US Embassy in London. The briefing, which was widely attended by stakeholders across the network, offered an overview of the SelectUSA Summit in June and highlight resources available to SMEs looking to expand to the US. To learn more about BAB’s activities around the SelectUSA Summit, please contact Sophie Tjugen-Luper at [email protected].
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Events & Initiatives in the Network |
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Transatlantic Growth Roundtable for UK to US Growth & Investment
9 May 2022
Join BAB—in partnership with event sponsors HSBC, Virgin Atlantic, and Delta Air Lines—for a virtual roundtable discussion as part of the Transatlantic Growth 2022 Tracker campaign. The roundtable will feature senior executives from a selection of companies each recognised for their contributions to transatlantic growth over the past year. The discussion will cover how UK headquartered companies have approached US expansion and investment and provide an opportunity for attendees to contribute. Learn more about the event and register here.
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Regional Trade Series Networking Reception
10 May 2022
BritishAmerican Business and BABC Texas is delighted to invite you to a networking reception in Houston celebrating transatlantic trade. Hosted by Tamra Eker, President British American Business Network (BABN) and the BABC Texas Board of Directors, this networking reception is open to members and guests. Join us for cocktails and light bites as we welcome BritishAmerican Business Network to Texas.
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Start-Up Business Surgery – Digital Marketing
24 May 2022
Join the Greater Birmingham Chambers of Commerce for the latest event in its Start Up Programme series for a start up surgery focusing on digital marketing. The session will be workshop style, with an opportunity for attendees to ask questions about their own businesses. Register to attend here.
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US State Delegation Visits
May 2022
BAB is delighted to be hosting two delegations from the US States of Georgia and Virginia in May. The first event was a networking reception with the delegation from Virginia, including the state Vice President for International Trade Stephanie Agee and other senior state officials. The delegation from Georgia will be joining BAB on its visit to London for a roundtable lunch on May 16. For more information on the event, please get in touch with Emma Sherborne ([email protected]).
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Thank you for reading our Policy and Trade Update. If you have any feedback or comments please contact us.
BAB participates in and offers policy and trade support to the BritishAmerican Business Network, a group of over 20 independent trade organisations across North America and the UK. If you would like to learn more about the network and its activities, please visit our website.
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