The United States and the United Kingdom recently agreed to collaborate further on delivering practical support for small and medium enterprises (SMEs), digitising bilateral trade in the modern economy, building resilience in critical supply chains, addressing the global trade impacts of Russia’s invasion of Ukraine and promoting innovation and inclusive economic growth.

UK secretary of state for international trade Anne-Marie Trevelyan and United States Trade Representative (USTR) ambassador Katherine Tai, who recently hosted the second UK-US Dialogue on the Future of Atlantic Trade in Aberdeen, Scotland, also agreed to collaborate on promoting environmental protection and the transition to net zero and supporting high labour and environmental standards.

Over two days, both hosted a series of roundtable discussions with a diverse group of stakeholders from the business communities of both sides, trade unions and civil society, in addition to bilateral discussions between government officials, according to a press release from the UK government.

Both directed their teams to work over the next several weeks to develop an ambitious road map to support SMEs and enhance bilateral SME trade by collaborating to identify and overcome barriers to trade, focusing on trade facilitation for SMEs, sharing and promoting best practices, and working together on activities to promote and support SMEs.

Both sides sought to build on the G7 Digital Trade Principles.

Fibre2Fashion News Desk (KD)

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