WASHINGTON, D.C. – Today, Congressman Charlie Dent (PA-15) and Congressman Mark Walker (Chairman of the Republican Study Committee) reintroduced a resolution that urges the Trump Administration to commence negotiations with the United Kingdom to establish a new bilateral trade agreement, the North Atlantic Trade and Investment Partnership (NATIP).
“As our close friends and allies in the United Kingdom work through the process of implementing Brexit and separating from the European Union’s single market, we must take action to demonstrate our steadfast support and maintain our strong transatlantic ties,” Dent said. “Congress and the current administration have a responsibility to foster the special relationship between the U.S. and the U.K., which has been built on shared history and values, a common language, and mutual trust. The economic security of our two great nations is greatly dependent on our ability to maintain fair and regular trade relations.”
The U.K. is the largest private sector investor in the United States, contributing $135 billion in value added to the United States’ gross domestic product (GDP). It serves as one of the largest markets for U.S. exports and the largest supplier of U.S. imports. Additionally, over 900,000 American jobs are reliant on trade with British companies. President Trump and the U.K.’s Prime Minister Theresa May have both expressed support for the prospect of a bilateral trade agreement between the U.S. and U.K.
“The United Kingdom remains an ally who stands with us in NATO, in the G-8, in the World Trade Organization, and the United Nations,” Dent continued. “We are linked by history, heritage, culture, and economics. Enhancing trade opportunities with a long-time ally and trading partner like the United Kingdom is a mutually beneficial pursuit, and I encourage the new administration to act on this proposal as soon as possible.”
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