![]() ![]() ![]() The U.S and UK are two of RB’s top three markets. Rakesh Kapoor, Chief Executive Officer of Reckitt Benckiser: The roundtable is also due to be attended by The Duke of York, Chancellor Philip Hammond, International Trade Secretary Liam Fox, Her Majesty’s Ambassador Sir Kim Darroch, US Ambassador to the UK Woody Johnson, US Secretary of State Mike Pompeo, US Secretary of the Treasury Steven Mnuchin and Ivanka Trump. Our relationship with the United States of America is long-standing and operates to our mutual benefit on the firm foundation of trust, transparency and true partnership. ![]() Sir Roger Carr, Chairman of BAE Systems said: Life sciences is also a strategic strength for the UK and there is a great opportunity for us to partner further to retain and accelerate both countries’ global leadership in this sector, generating better outcomes for patients and economic growth on both sides of the Atlantic. The US is one of the most important sources of healthcare innovation in the world. And in total, British companies employ a million people across the United States with a million more working for American companies in the UK.Įmma Walmsley, Chief Executive Officer at GSK, said: The British companies at today’s roundtable collectively employ around 176,000 people in the UK and United States. Our businesses are creating jobs and opportunities on both sides of the Atlantic. We are also the largest investors in each other’s economies – with mutual investments valued at as much as $1 trillion. The United States is already the UK’s largest single trading partner in the world and trade between our countries – worth £190 billion last year – has grown by more than 70% over the last decade. Through dialogue like this we can ensure that our economic partnership not only endures but continues to grow stronger for many years to come – making our businesses more competitive, and creating jobs, opportunity and prosperity for all our people. There are opportunities to seize, and there are challenges we need to work together to tackle. With a bilateral free trade agreement, with broader economic co-operation, and by continuing to work together to underpin, shape and influence the global economy and its rules and institutions – keeping markets free, fair and open, and keeping our industries competitive. It is a great partnership, but one I believe we can make greater still. They underscore the breadth of UK-US business ties and will discuss a number of areas where further collaboration can lead to greater investment and job creation in the future.ĭiscussions are expected to focus in particular on research, development and innovation, investment in infrastructure, and the scope for closer partnership in regulation and financial services.Īddressing the UK-US economic relationship the Prime Minister is expected to say: The businesses at the roundtable demonstrate the breadth of UK-US business links and represent a variety of sectors, from life sciences and defence to financial services and consumer products. The event at St James’ Palace will bring together ten leading companies – five from the UK and five from the United States – to discuss the strength of our economic links and the sectors where expanding our cooperation further could benefit both sides.ĬEOs and senior representatives from BAE Systems, GlaxoSmithKline, National Grid, Barclays, Reckitt Benckiser, JP Morgan, Lockheed Martin, Goldman Sachs International, Bechtel and Splunk are expected to attend. The Prime Minister will tell business leaders that by working together to seize opportunities and tackle shared challenges we will create more jobs, drive more growth, and ensure our economic partnership continues to grow even stronger in the years ahead. ![]() Theresa May will welcome the depth and future potential of transatlantic ties today as she and President Trump co-host a business roundtable on the second day of his State Visit to the UK. ![]()
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