13 Jun The Atlantic Declaration: Strengthening Trade and Economic Partnership Between the US and UK
In a significant move to bolster economic ties and address pressing global challenges, the United States and the United Kingdom have announced the Atlantic Declaration. This collaborative effort, hailed as the “first of its kind,” focuses on fostering cooperation in various sectors, including clean energy, critical minerals, and artificial intelligence. With a shared commitment to economic growth, supply chain resilience, job creation, and technological advancement, the two nations aim to adapt and reimagine their alliance.
Pillar 1: Ensuring U.S.-UK Leadership in Critical and Emerging Technologies
Recognizing the importance of critical and emerging technologies, such as semiconductors, quantum technologies, and artificial intelligence, the US and UK are committed to leading in these sectors. The partnership will involve joint research and development efforts, public-private dialogue, mobilization of private capital, and talent flows. By collaborating on these technologies, both countries can drive innovation, economic growth, and job creation while safeguarding their national security interests.
Pillar 2: Advancing Ever Closer Cooperation on Technology Protection and Supply Chains
To address evolving national security risks and protect sensitive technologies, the US and UK will align and update their regulatory frameworks. This includes export controls, investment screening, sanctions, and research and development security. By coordinating their efforts, both nations aim to prevent the leakage of emerging technologies and enhance information sharing on threat intelligence. The focus on technology protection and resilient supply chains will strengthen trade relations and ensure economic security.
Pillar 3: Partnering on an Inclusive and Responsible Digital Transformation
As digital transformation becomes increasingly vital for economic growth, the US and UK are committed to working together on an inclusive and responsible approach. By fostering collaboration in areas such as 5G and 6G telecommunications, synthetic biology, and AI safety, both countries can drive innovation while addressing societal concerns and ethical considerations. This partnership will promote a thriving digital economy and provide opportunities for businesses and workers on both sides of the Atlantic.
Pillar 4: Building the Clean Energy Economy of the Future
Recognizing the need to transition to clean energy, the US and UK will collaborate on clean energy technologies, infrastructure development, and reducing reliance on Russian fuel in the civil nuclear sector. By investing in clean energy industries and strengthening supply chains, both nations can drive sustainable economic growth, mitigate climate change, and create new employment opportunities in the energy sector.
Pillar 5: Strengthening Alliance Across Defense, Health Security, and Space
The Atlantic Declaration also emphasizes the importance of deepening the alliance between the US and UK across defense, health security, and space. By leveraging their expertise and resources, both nations can enhance global security, respond to emerging health threats, and collaborate on space exploration and research. This multifaceted cooperation further strengthens the economic partnership by fostering cross-sector collaboration and knowledge sharing.
The Atlantic Declaration marks a significant milestone in the economic partnership between the United States and the United Kingdom. By focusing on critical and emerging technologies, technology protection, digital transformation, clean energy, and defense cooperation, both nations seek to drive economic growth, job creation, and shared prosperity. This collaborative effort sets the stage for future advancements in trade, innovation, and sustainable development.
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