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U.K. and U.S. Leaders Sign Atlantic Declaration to Boost Economic Security
- The agreement, announced Thursday at a joint press conference in the East Room of the White House, is a series of mini deals looking artificial intelligence, critical minerals, clean energy and security.
- Sunak, still fairly new in the role after being installed following the market turmoil of his predecessor Liz Truss, was quizzed on a possible U.K.-U.S. trade deal.
Despite a U.S.-U.K. trade deal remaining very much elusive, British Prime Minister Rishi Sunak and President Joe Biden signed a new Atlantic Declaration aiming to bolster economic security in the face of threats coming from Russia and China.
The agreement, announced Thursday at a joint press conference in the East Room of the White House, is a series of mini deals looking artificial intelligence, critical minerals, clean energy and security.
President Joe Biden and Prime Minister of the United Kingdom Rishi Sunak arrive for a joint press conference in the East Room of the White House on June 08, 2023 in Washington, DC.
Kevin Dietsch | Getty Images News | Getty Images
Mini Deals to Address Various Challenges
The Atlantic Declaration signed by U.K. Prime Minister Rishi Sunak and U.S. President Joe Biden aims to address several challenges, such as artificial intelligence, critical minerals, clean energy, and security.
Visit of U.K. Prime Minister Rishi Sunak
Rishi Sunak, who is still new in his role, was asked about the possibility of a U.K.-U.S. trade deal. He also highlighted the £14 billion ($17.5 billion) of new U.S. investment that has been committed into the U.K., with the two sides also undertaking joint research in areas like quantum, semiconductors and AI.
Efforts to Increase Economic Security
The Atlantic Declaration was signed to improve economic security in the face of threats from Russia and China. The U.K. and the U.S. must work together to face new challenges that threaten international stability from authoritarian states, disruptive technologies, non-state actors, and transnational challenges like climate change.
Impact of Brexit on U.K.-U.S. Trade Deal
Rishi Sunak was also asked about the impact of Brexit on the possibility of a U.K.-U.S. trade deal. Despite the recent cost-of-living crisis in Britain, Sunak assured everyone that Britain remains committed to its values and is still a reliable ally and attractive investment destination.
Frequently Asked Questions (FAQs)
What is the Atlantic Declaration?
The Atlantic Declaration is a series of mini deals between the U.K. and the U.S. that aims to address several challenges, such as artificial intelligence, critical minerals, clean energy, and security.
What are the challenges that the U.K. and the U.S. face?
The U.K. and the U.S. face new challenges that threaten international stability from authoritarian states, disruptive technologies, non-state actors, and transnational challenges like climate change.
Why is a U.K.-U.S. trade deal still elusive?
Despite the promise of a U.K.-U.S. trade deal during Donald Trump’s tenure, it remains elusive. Brexit and the recent cost-of-living crisis in Britain may have played a role in this.
What impact does Brexit have on a U.K.-U.S. trade deal?
Brexit may have made it more challenging to secure a U.K.-U.S. trade deal. However, Rishi Sunak assured everyone that Britain remains committed to its values and is still a reliable ally and attractive investment destination.
Conclusion
The U.K. and U.S. leaders have signed the Atlantic Declaration to address several challenges, such as artificial intelligence, critical minerals, clean energy, and security. Despite the elusive U.K.-U.S. trade deal, the two countries remain committed to working together and improving economic security in the face of threats from Russia and China.
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