Historic UK-US manufacturing partnership agreed
Companies in Cambridge and the East of England stand to benefit from an historic partnership designed to boost cross-Atlantic trade for manufacturers.
EEF, the manufacturers’ organisation in the UK, has signed an agreement with its US counterpart, the National Association for Manufacturers (NAM), at a ceremony in Washington DC.
The agreement, signed by EEF chief executive, Terry Scuoler and NAM president and chief executive, Jay Timmons, will last for an initial period of three years and will focus on promoting and raising awareness of trade opportunities in both countries for engineering and manufacturing companies.
This will include sharing market intelligence, data and policy work, facilitating visits and economic delegations for promoting trade, investment and commercial exchanges and, opportunities for shared promotion at trade fairs, events and the two organisations’ respective major annual conferences.
The two groups plan to establish opportunities to meet both UK and US politicians, as well as senior manufacturing leaders from both countries. As part of the agreement, EEF will also place an associate member of staff in Washington who will co-ordinate and manage day-to-day engagement activities to include setting up a Policy Forum between EEF and NAM.
Terry Scuoler, said: “The ties between the UK and US go back a long way and we have significant political, economic and trade connections. The US is a vital market for UK industry and is likely to assume even more importance in the wake of Brexit with the opportunity to widen our trade links across the globe.
“Hopefully this agreement with our US counterpart will provide mutually beneficial opportunities for manufacturers in both countries.”
Timmons, added: “This agreement offers a tremendous opportunity for the NAM to deepen our relationship with EEF. As the UK gears up for Brexit negotiations with the EU and the United States and UK lay the groundwork for a potential bilateral free trade agreement, close ties between manufacturers in our two countries are important to ensure we can seize the many opportunities before us.”
• PHOTOGRAPH SHOWS: Jay Timmons (left) with Terry Scuoler at the signing ceremony in Washington.