WASHINGTON, D.C. - Following today’s announcement of Boris Johnson’s election in the UK Conservative Party’s leadership contest, Marjorie Chorlins, Executive Director of the U.S. Chamber of Commerce’s U.S.-UK Business Council said:
“The U.S.-UK Business Council welcomes the opportunity to work with incoming UK Prime Minister Boris Johnson and continue our long-standing strategic alliance. This is a critical juncture in history, as the UK resets its economic relationship with the EU and other trading partners.”
The commercial relationship between the U.S. and UK is among the most robust in the world, and American investors and exporters have long considered the UK a great place to do business. More than $1.3 trillion in two-way investment and $240 billion in two-way trade support millions of jobs on both sides of the Atlantic.
Chorlins continued, “To preserve those ties, we urge Prime Minister-elect Johnson and his team to ensure the UK’s anticipated departure from the EU is as minimally disruptive as possible. This means avoiding at all costs a no-deal scenario and ensuring that any withdrawal agreement includes a meaningful transition period.
“We further call upon the UK and EU to set about negotiating the terms of their future relationship as quickly as possible. Once those parameters are understood, we look forward to working with U.S. and UK negotiators as they seek to craft a mutually beneficial trade and investment agreement.”