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Welcome to American
British Business 2006/7
I work for a bank, The Royal Bank of Scotland, whose two primary locations for doing business are the UK and the US – and BritishAmerican Business has helped our business in many ways. As an individual, my career has been largely split between London and New York and I feel BritishAmerican Business has found ways to allow me to enjoy the great advantages of living in each city. I am proud to be Chairman of BritishAmerican Business.
BritishAmerican Business of New York and London is the leading transatlantic business organisation, with more than 700 member companies in the US and UK. This places us squarely at the heart of the UK/US business relationship – the largest business relationship between any two countries in the world. BritishAmerican Business’s reach is much wider than just New York and London, though.
Through our membership in the British-American Business Council (BABC) and the European Council of American Chambers of Commerce (ECACC), we have a business network that extends to more than 60 cities right across North America and Europe. More than one million people in the US are employed by UK-headquartered companies and vice-versa, which should come as no surprise when you learn that annual two-way investment between the US and the UK totals more than $460bn, with a further $76bn in annual two-way trade.
Trade and investment figures between the US and the UK have come up against various obstacles in recent years, but the percentage of UK exports to the US increased from 40% in 2003 to 45% in 2004, and equalled £27.5bn in 2005. There are many reasons for the massive reciprocal level of trade and investment between our two countries; common history, language and culture, flexible and open markets and shared business values, as well as accessibility, all play important roles in this relationship.
The legal, social and tax frameworks supporting business are also crucial. Transatlantic business thrives because our two countries are involved with each other in so many ways and at so many levels. The integration that exists between the US and the UK has created thousands of opportunities, many common causes, and an open relationship that enables us to deal effectively with potentially divisive issues when they arise. In unsettled times, the stability of this relationship is a source of reassurance and, at the present time, all aspects of this relationship have, arguably, never been stronger.
BritishAmerican Business provides practical help and benefits to American and British companies of all sizes as they look to grow their transatlantic business, by offering a broad range of business development, business intelligence and networking services and opportunities. Our membership ranges from the largest multinationals to middle-market and smaller operations. BritishAmerican Business is dedicated to helping its member companies build and expand their international business. In effect, we create networks between countries as well as companies and we help companies of all sizes to do business with each other.
If you are looking to build your business in the US, we hope this third edition American British Business will be a useful starting point. Our friendly and knowledgeable teams in New York and London are always happy to assist, so do give them a call. We look forward to welcoming you to our growing transatlantic fellowship of business.
BritishAmerican Business
75 Brook Street, London, W1K 4AD
Tel: +44 (0) 20 7290 9888
Fax: +44 (0) 20 7491 9172
E-mail: ukinfo@babinc.org
Website: www.babinc.org
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