Portman, Coons Launch Senate UK Trade Caucus to Build Support for Bilateral Trade Agreement
WASHINGTON, D.C. – U.S. Senators Rob Portman (R-OH) and Chris Coons (D-DE) today announced they were launching the Senate UK Trade Caucus aimed at building congressional support for a bilateral trade agreement between the United States and the United Kingdom.
“The United Kingdom is a significant ally and strategic partner, as well as Ohio’s fourth largest export market, and we have an opportunity to reaffirm that relationship with a mutually-beneficial trade agreement,” said Senator Portman. “We’re pleased to announce the creation of the Senate UK Trade Caucus, which is dedicated to promoting the benefits of Anglo-American trade and helping lay the groundwork for an eventual trade agreement between our countries. When we export our products, we are sharing our hard work, our ingenuity, and our way of life with the rest of the world. In the increasingly global economy, opening additional markets to ‘Made in America’ exports is a vital component of our economic growth.”
“The United Kingdom is one of the most important markets for U.S. exports. Thousands of American businesses and millions of jobs depend on fair and open trade with the UK,” said Senator Coons. “That’s why I’m proud to join with Senator Portman to call attention to the importance of our strong trade relationship with the UK and the need to pursue a free trade agreement in the future.”
NOTE: In the wake of the United Kingdom’s exit from the European Union in June 2016, there has been interest on both sides of the Atlantic in pursuing a trade agreement between the United States and the United Kingdom. In Congress, resolutions have been introduced expressing support for such a trade deal, but there has not been a unified effort to push for an expeditious agreement. The goal in this caucus is to build further support for, and then lead a unified effort to enact, such an agreement.