The Atlantic Declaration sets a new standard for economic cooperation, according to the two allied countries.
The United States of America and the United Kingdom signed an economic pact on Thursday, June 8, to boost bilateral cooperation, seeking to counteract China’s influence on tensions in the Indo-Pacific, and reduce dependence on Russia, involved in the war in Ukraine. .
“The ‘Atlantic Declaration’ sets a new standard for economic cooperation, driving our economies into the future, so that we can protect our people, create jobs and grow our economies together,” said UK Prime Minister Rishi. Sunak, in a sentence
The White House also said in a statement that the pact will “build resilient, diversified, and secure supply chains,” as well as boost the energy transition and economic growth.
Specifically, the “Atlantic Declaration” includes, among other issues, a new data protection agreement and mechanisms to reduce trade barriers between the two countries. It also establishes closer cooperation between defense industries and a trade pact on critical minerals.
US President Joe Biden and the British Prime Minister met in Washington to discuss, in addition to common economic challenges, a variety of issues, including the war in Ukraine.
Source: Observadora
