London, England – Deputy U.S. Trade Representative Jeffrey Gerrish released the following statement regarding his meeting today with UK Minister of State for Trade Policy George Hollingbery:
“It was a pleasure meeting with Minister George Hollingbery today at the UK’s Department for International Trade. We had a productive meeting, discussing a range of U.S.-UK trade issues.
“The U.S.-UK trade and investment relationship is already substantial. We have two-way trade in goods and services of over $230 billion annually, with each of us being the other’s largest single supplier of services and a top supplier of goods. We are also both each other’s largest source of foreign investment with nearly $1.3 trillion invested in each other’s economies.
“Of course, we hope to further deepen and expand this beneficial relationship – both now and following Brexit.
“We reviewed the progress made so far through our U.S.-UK Trade and Investment Working Group, which has met four times since it was established by U.S. Trade Representative Robert Lighthizer and UK Secretary of State Liam Fox last year. In November, the United States will host the UK delegation in Washington for the fifth meeting of the Working Group, as well as host the third meeting of the U.S.-UK Small and Medium-sized Enterprises (SME) Dialogue in New York.
“We also discussed our broader trade relationship, including on-going discussions with the EU on reducing barriers to U.S.-EU trade and addressing the challenges faced by both our economies due to non-market-oriented policies and unfair trade practices of third countries.”