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Trade and Investment is key to successful economies. Trade enables businesses to grow by increasing their share in the global economy, to innovate and to drive up their productivity. Consumers benefit from lower prices and greater variety of goods. Investment brings new jobs or protects existing ones. It improves our economy’s position in a highly competitive global marketplace, and contributes to jobs and growth. For every economy, building new commercial relationships, opening of new export markets and attracting foreign investment is crucial.

The existing trade and investment ties across the Atlantic are good examples of the benefits that globally integrated economies enjoy. The EU and the US are each other’s most important trade and investment destinations. Millions of people of both sides of the Atlantic are employed in the transatlantic economy.

The benefits of the transatlantic economy is particularly exemplified by the US-UK economic relationship. The integration of both markets brings huge benefits to businesses, workers and consumers alike. 

Despite its integration, barriers remain that prevent businesses, particularly smaller businesses from taking full advantage of opportunities that the transatlantic economy offers. There are thousands of companies who are already successfully doing business across the Atlantic. But there are many more who would follow suit if the potential of a truly transatlantic economy were to be realized.

This is why we strongly welcomed the courage that leaders of the US and the EU had in 2013 to launch negotiations for an ambitious and comprehensive Transatlantic Trade and Investment Partnership (TTIP) agreement. 

The underlining objective for TTIP is its potential to support jobs and to promote growth and competitiveness across the Atlantic. Any barrier that excludes or delays trade and investment across the Atlantic, is a barrier to jobs and growth. This particularly important as some countries in the transatlantic economy are still making their way to recovery.

The transatlantic economy has also proven to be a pillar of stability in an unpredictable world economy. This pertains to its strength and position as a leading economic relationship, but also its ability to defend and promote fundamental values and standards to businesses and people in our societies.

Strengthening the transatlantic economy through a comprehensive trade and investment agreement is a unique opportunity for governments to ensure prosperity for our economies, confirming our contribution to the present and future world trading and investment system. 

We, as business leaders of the largest transatlantic network, call on US and UK governments and stakeholders to maintain the momentum necessary for negotiations to come to a successful conclusion so that we can shape the future with a comprehensive, well-functioning, delivering TTIP.

 

Mark Stiles

BritishAmerican Business Council of Georgia

 

Urszula Wojciechowska

British American Business Council of New England, Inc.

 

Sarah Peeler

British American Business Council of North Carolina, Inc

 

Tom Stevens

British-American Business Council, Chicago

 

Trisha Allen

The British American Chamber of Commerce, Ohio Region

 

Becci Himes

British American Business Council – Houston

 

Sarah Robarts

British American Business Council of Los Angeles

 

Wendy Mendenhall

BritishAmerican Business, New York City

 

Valerie Blackholly

British American Business Council of Orange County

 

Jane Hirschhorn Rosenberg

British American Business Council of Philadelphia

 

Jo Healey

British-American Business Council of Northern California

 

Catherine Filippini

British American Business Council of the Pacific Northwest

 

Grant D. Petersen

British American Business Council Tampa Bay Region

 

Stephen Cain

Triangle NC British American Business Council

 

Patricia A. Karhuse

British American Business Association of Washington DC

 

Idalia Obregon

The British Canadian Chamber of Trade and Commerce

 

Helen Melville

British American Business Council in the Midlands

 

Jeffries Briginshaw

BritishAmerican Business, London

CEO of BritishAmerican Business London and New York

 

Lynn Shaw

British American Business Council in the North West

 

Allan Hogarth

Scottish North American Business Council

 

Alan Georgeson

British American Business Council of Miami

 

Helen French

British American Business Council of Michigan