3 August 2017

Update

CBI president meets senior members of the American and Canadian administrations

The CBI’s U.S. Office hosted CBI president Paul Drechsler in Washington and Ottawa last week as an opportunity to take a strong message on UK investment to the U.S. and Canada.

CBI president meets senior members of the American and Canadian administrations

During the CBI president’s trip to Washington, Paul Drechsler met with the United States Secretary of Commerce Wilbur Ross and United States Trade Representative Bob Lighthizer. He summarised the positive relationship that already exists between the U.S. and UK and highlighted the one million jobs created by U.S.-UK investment in each country as well as the $500bn of assets held in each direction. Paul went on to discuss imports and exports sighting the £100bn of UK exports sent to the U.S. in 2015, and £60bn of U.S. imports sent to the UK, highlighting the strong trading relationship. Both expressed interest in making the relationship stronger in the short term while adhering to existing free trade agreements, alongside laying groundwork for a trade agreement further down the line.  

Paul also met with the Secretary of State for International Trade Liam Fox, the U.S. Chamber of Commerce, the Deputy Head of Mission to the USA Patrick Davies OBE and other business association leaders while in Washington.  One of Paul’s priorities was to meet CBI member representatives, who were keen to have detailed discussions surrounding Brexit, and the UK’s political landscape.

After spending time in Washington, Paul travelled to Ottawa and met with the Canadian Deputy Trade Minister Tim Sargent, business associations and the Deputy High Commissioner Tom Barry. Discussions focused on NAFTA, CETA and UK-Canadian business as well as how the two nations could build strong foundations and ensure continuity post-Brexit.

For more information please contact john.dickerman@cbi.org.uk