US congress ratifies US-UK Defence Trade Cooperation Treaty
06 October 2010
The US Congress has ratified the US UK Defence Trade Cooperation Treaty. This has no immediate impact on controls of exports from the UK to the US, so if you needed an export licence before, you still need one now.
The Department for Business Innovation and Skills says that UK will now proceed to implement the Treaty over the course of the coming year and during this process it plans to consult with businesses about the practicalities, before formal adoption of the treaty.
The CBI welcomed the ratification, which will help defence companies in Britain export to the US and vice versa. It had been awaiting signature in the US, having been ratified in the UK back in 2007. Rhian Chilcott, CBI director of global strategy, said the treaty will help our armed forces by ensuring that they get the best kit for the job at the best price as quickly as possible from either side of the Atlantic. "It's also good news for the defence industries of both countries because it will allow them to reduce costs and bureaucracy relating to transatlantic trade."
Contact Details and Archive...