A Foundation to Build on in the Future: BritishAmerican Business Welcomes Announcement of UK-EU Deal

24 December 2020

Contact:

Dominic Parker, Communications Manager

dparker@babinc.org | 020 7290 9882 | +44 7500 115352

London/New York - BritishAmerican Business welcomes today’s announcement that the United Kingdom (UK) and the European Union (EU) have reached an agreement on their future trading relationship. BritishAmerican Business CEO, Duncan Edwards said: “Since the referendum result in 2016, the challenge of balancing the benefits of free and open trade against the political issues on both sides means that this agreement should be welcomed by the Transatlantic business community. "Although this agreement falls short of the full, unfettered access that we would have preferred, it is a significantly better outcome than ‘no deal’. Rather than this being the end of the process, we would like to see both the UK and EU continue negotiations to further liberalize trade between the two markets. There is much still that can be done, to the benefit of both sides, especially in services. "We congratulate the UK Government and the European Commission, and in particular the negotiating teams, for having worked constructively towards achieving this agreement, and BAB and our members will continue to engage with both sides constructively to support ongoing discussions.”

About BritishAmerican Business BritishAmerican Business is the leading transatlantic trade association created as a result of the merger between the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK. We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and actions that protect and enhance the environment for transatlantic trade and investment on behalf of our members. We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms. We actively promote trade and investment and support those who make the transatlantic corridor part of their business growth ambition. For more information, please visit www.babinc.org