Dent resolution calls for new bilateral trade agreement between United States, United Kingdom

A resolution recently reintroduced by U.S. Rep Charlie Dent (R-PA) encourages the Trump administration to negotiate a new bilateral trade agreement, the North Atlantic Trade and Investment Partnership (NATIP), with the United Kingdom.

As the largest private sector investor in the United States, the United Kingdom contributes $135 billion in value to U.S. gross domestic product, serves as one of the largest U.S. export markets and is the largest supplier of U.S. imports.

“As our close friends and allies in the United Kingdom work through the process of implementing Brexit and separating from the European Union’s single market, we must take action to demonstrate our steadfast support and maintain our strong transatlantic ties,” Dent said.

“Congress and the current administration have a responsibility to foster the special relationship between the U.S. and the U.K., which has been built on shared history and values, a common language and mutual trust. The economic security of our two great nations is greatly dependent on our ability to maintain fair and regular trade relations.”

President Donald Trump and U.K. Prime Minister Theresa May have both voiced support for a bilateral trade agreement between the two nations.

“The United Kingdom remains an ally who stands with us in NATO, in the G-8, in the World Trade Organization and the United Nations,” Dent said. “We are linked by history, heritage, culture and economics. Enhancing trade opportunities with a long-time ally and trading partner like the United Kingdom is a mutually beneficial pursuit, and I encourage the new administration to act on this proposal as soon as possible.”