(ALLENTOWN, PA) – Today Rep. Charlie Dent (PA-15) announced that he will introduce a resolution to call on the Administration to immediately begin the process of initiating discussions for a bilateral trade agreement with the United Kingdom.  Rep. Dent released this statement:

“The Brexit referendum, for better or for worse, is behind us. This was a decision for the British people to make and they chose to leave. We must respect that decision whether we agree with it or not.  Now Congress has a responsibility and interest to work with the United Kingdom, particularly when it comes to strengthening economic ties between our two great nations.

This is why I am introducing a resolution urging the Obama Administration to direct the United States Trade Representative (USTR) to immediately commence discussions for a U.S.-UK bilateral trade agreement.

Brexit will likely cause short term disruptions. A bilateral trade agreement, the North Atlantic Trade and Investment Partnership (NATIP), will mitigate potentially adverse economic consequences as a result of Brexit.  Beginning discussions for this agreement will help stabilize the current financial turmoil.

The United States and the United Kingdom have long shared a special relationship. We have strong cultural and economic ties and a commitment to shared strategic interests. The UK is the largest private sector investor in the United States as well as one of the largest markets for U.S. goods, and one of the largest suppliers. By forming a stronger economic alliance with the UK our strategic interests would be strengthened and enhanced.

Discussions for a bilateral trade agreement between the U.S. and the U.K. do not weaken a commitment to the Transatlantic Trade and Investment Partnership (TTIP). It is abundantly clear that negotiations for TTIP are moving at a slow pace. NATIP could ignite action or movement on TTIP. These two trade agreements would be complimentary to one another.

Finally, assuring a great ally in this extraordinary moment is an immediate imperative.  The United States and the United Kingdom must continue to work together. The Administration must begin discussions to show that the UK is never ‘in the back of the queue’ when it comes to American interests.”

DRAFT TEXT OF RESOLUTION:

H. RES. ___

Expressing continued support for the Special Relationship between the United States and the United Kingdom and urging commencement of negotiations for the development of a North Atlantic Trade and Investment Partnership between the United States and the United Kingdom.

IN THE HOUSE OF REPRESENTATIVES
 

Mr. Dent submitted the following resolution; which was referred to ___:

RESOLUTION

Expressing continued support for the Special Relationship between the United States and the United Kingdom and urging commencement of negotiations for the development of a North Atlantic Trade and Investment Partnership between the United States and the United Kingdom.

·  Whereas the United States and the United Kingdom share a Special Relationship embodied through our common language, shared values and mutual trust;

· Whereas there is an important shared history between the United States and the United Kingdom, with deep ties between our economies;

·  Whereas the United States and the United Kingdom have a shared commitment to mutual security objectives and the fight against global terrorism;

·  Whereas the bilateral investment relationship between the United States and the United Kingdom is the largest in the world;

·  Whereas the largest cumulative direct foreign investor in the United States’ economy is the United Kingdom;

· Whereas the United States and the United Kingdom are active participants in international organizations including the North Atlantic Treaty Organization, G-8, the United Nations, and the World Trade Organization;

· Whereas trade between the United States and the United Kingdom remains important to both nations’ economic security, with the United Kingdom serving as one the largest markets for U.S. exports and one of the largest suppliers of U.S. imports;

·  Whereas corporate assets invested by the United Kingdom into the United States total over $2 trillion;

·  Whereas the United Kingdom is one of the closest allies of the United States;

·  Whereas the people of the United Kingdom voted, through a June 23, 2016 referendum, to leave the European Union.  Now, therefore, be it:

Resolved, that the House of Representatives –

1) Reaffirms the strength and endurance of the Special Relationship between the United States and the United Kingdom;

2) Respects the decision of the June 23, 2016 referendum and recognizes that this vote will not diminish the importance of the bond between the governments and people of the United States and the United Kingdom;

3) Supports immediate discussions between the Government of the United States and the Government of the United Kingdom focused on ways to maintain bilateral trade relations and a new free-trade agreement;

4) Urges the United States Trade Representative to immediately commence negotiations with the United Kingdom for the development of a new North Atlantic Trade and Investment Partnership (NATIP) between the United States and the United Kingdom.

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CONTACT: Shawn Millan (610) 770-3490