is in Washington DC where he will
meet senior government representatives and Congressmen and
Senators from Iowa, Oregon, New York and North Carolina to help
lay the groundwork for a post-Brexit trade agreement.
During his visit, will meet with US Trade
Representative Robert Lighthizer, Secretary of Commerce Wilbur
Ross, and Larry Kudlow, who is Chair of the National Economic
Council.
They will discuss the US and the UK’s commitment to strengthening
our close economic partnership, including through a comprehensive
and ambitious free trade agreement.
will also meet Ivanka Trump, Advisor
to the President, to discuss how to further empower women
worldwide through trade, as well as continuing discussion about
the value of the UK and US trading relationship. and Ms Trump discussed both of these
matters during the State Banquet at Buckingham Palace last month.
One of the initiatives that the UK is involved in to support
women in trade is the WE-FI initiative along with 13 other G20
members. This USA led programme is hosted at the World Bank and
specifically supports women entrepreneurs in developing
countries.
Broadening and deepening our economic relationship will benefit
towns and cities throughout the UK and US by helping to create
new jobs and boost economic growth.
The US is the UK’s largest trading partners and they have more
than $1 trillion invested in each other’s economies.
The UK is a top five export market in 33 US states, which
supports jobs across the country.
UK firms are estimated to support over 100,000 jobs in California
alone, and businesses such as Aviva, Jaguar Land Rover and JCB
have a significant US presence. US companies such as Caterpillar,
Ford and Accenture invest heavily in the UK and support thousands
of jobs.
Speaking about his visit, said:
Every day 1 million Americans wake up and go to work for
British companies, and 1 million Brits go to work for US
companies. These jobs are crucial to support families and
communities in all corners of the UK and US.
From New York to North Carolina, every state of the USA has a
crucial role to play in securing a post-Brexit trade agreement.
We continue to lay the groundwork for our ambitious free trade
agreement and I am delighted to be in Washington DC today
meeting representatives from states across the US to hear how
our special trading relationship can be strengthened in the
coming months.
The US and UK trade delegations will also meet small and
medium-sized businesses in Bristol this week to discuss the
opportunities to strengthen US-UK trade, create jobs and boost
economic growth in both countries. Focusing on a theme of
emerging technology, the dialogue will focus on supporting
businesses to connect, share insights on the obstacles they face
in transatlantic trade, and receive resources to support their
exports.
Notes to editors
- The US is the UK’s largest single bilateral export market,
accounting for 18.4% of all UK exports. The US was the UK’s
second largest single source of imports (10.8% of total
imports).  
- Total trade in goods and services between the UK and the US
in 2018 was £190.5bn, up 4% on the previous 12
months.     
- In 2018 the UK exported £54.9bn of goods to the US, and
£63.2bn of services.  
- The United States was the top destination for UK FDI in 2017,
accounting for 19.6% of total UK outward FDI stock 
- The United States was the top investor in the UK in 2017,
accounting for 26.3% of total UK inward FDI stock. 
- In year to end 2018 Q4 the US was the UK’s largest single
bilateral trading partner, accounting for 14.7 % of total UK
trade.
