WASHINGTON, D.C. - Marjorie Chorlins, executive director of the U.S. Chamber’s U.S.-UK Business Council, issued the following statement ahead of the United Kingdom’s formal departure from the European Union this evening.
“As the UK officially leaves the European Union this evening, the two entities must expeditiously define the terms of their future relationship to avoid severe economic disruption. American companies have invested over $750 billion in the UK and employ more than 1.5 million Britons. We urge the UK and EU to move quickly so that U.S. investors and exporters have the necessary clarity to grow their businesses and create even more jobs. Furthermore, it is essential that the transition period continue until a final UK-EU agreement is concluded.
“At the same time, the U.S.-UK Business Council urges Washington and London to swiftly begin talks on a comprehensive and ambitious trade and investment agreement. We see numerous opportunities to strengthen our commercial ties and look forward to working with policymakers in both countries to achieve this critical agreement.”
About the U.S.-UK Business Council
The U.S.-UK Business Council is the premier Washington-based business organization dedicated to strengthening the commercial relationship between the U.S. and the UK.
About the U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.