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Summer 2018 International Business Networking Reception

On Wednesday, July 25, 2018 the British American Business Council of Greater Philadelphia (BABCPHL) partnered with the Chilean, French, German, Irish, Israeli, Japanese, Norwegian and Eurasian Chambers of Commerce for the Eighth Annual Summer International Business Networking Reception.

More than 250 global business executives and regional and foreign government officials gathered at the National Museum of American Jewish History for this annual meeting of the who’s who of international relations in the Greater Philadelphia region.

Participants braved heavy rain for a great chance to network and make valuable connections.  A raffle draw included a variety of prizes, such as bottles of wine, tickets to upcoming events, and a beautiful piece of artwork.

Special thanks to the Chilean Chamber for organizing such an important program for the international business community and to event sponsors: Holt Logistics, Fox CIBER, and The Port of Wilmington, Delaware.

Click here for photos.


HM Queen Elizabeth II Announces 2018 Birthday Honours List

The BABCPHL is pleased to congratulate Howard M. Silverstone on his appointment by Her Majesty The Queen as a Member of the Most Excellent Order of the British Empire (MBE).  This honor is in recognition of Howard’s services to British business in the United States.

Howard has been a member of the BABCPHL since its inception more than 25 years ago. He has served two terms as President and is currently Programs & Events Chairman.  For more than a quarter century Howard has dedicated his time and resources to strengthening the relationship between the UK and the Greater Philadelphia region.

Howard actively promotes the relationship between the UK and the Greater Philadelphia region through his voluntary efforts with the BABCPHL. Howard is a highly committed BABCPHL Board Member.  He served as President on two separate occasions, and in various Vice President roles, such as Marketing & Communications Chairman.  He is the current Programs & Events Chairman.

As a BABCPHL board member and two-term President, Howard has helped the BABCPHL overcome the biggest challenge it faces as an international organization: that of the transient nature of its members. BABCPHL has to continually service its existing members, as well as seek out new ones.  Howard’s work on the board and as President has continually addressed that challenge, through successful meetings, presentations, and speeches that have directly benefited BABCPHL’s constituents with business interests in the UK.

Throughout his tenure with the BABCPHL, Howard has helped the organization expand. Approximately once a month, Howard presides over or participates in a BABCPHL program about a current issue or event affecting the trade and commercial relationship between the Greater Philadelphia region and the UK.  Program topics may include but are not limited to: transatlantic business, cybersecurity, sustainability, global mobility, and healthcare to name several.  BABCPHL events involve the following industry sectors: financial services, life sciences, travel & leisure, banking, insurance, media & technology, sport, etc.

Howard has also consistently supported BABCPHL efforts to raise funds and awareness for underserved or disadvantaged groups through annual community service programing and other-related projects. While Howard is occupied day in and day out with his privately owned and managed forensic accounting firm – Forensic Resolutions, Inc. – he always finds time to dedicate many hours per week to the BABCPHL. His commitment has had immeasurable impact on the region’s relationship with the UK both financially and culturally. Howard’s support has enabled the BABCPHL to continue to facilitate the social and commercial interaction of individuals and corporations on both sides of the Atlantic.

Howard is an outstanding ambassador for the UK in the US. During his early years in America, upon learning about the BABCPHL, he immediately sought out and became affiliated with the Organization. The BABCPHL is the premier international business association and the only UK dedicated group of its kind in the area.  This affiliation afforded Howard the opportunity to network with professionals who shared his interests and connections to the UK.  Originally only planning to stay one year, Howard made the most of his experience and decided to remain in America.  Then, today, and into the future, Howard is passionate about connecting with others.  He is always eager to build bridges to enhance the strong economic and cultural ties between the Greater Philadelphia region and the UK.

The BABCPHL wishes Howard heartfelt congratulations on receipt of this very well deserved recognition, and sincere thanks for the many years and hours of service he has dedicated to promoting our Organization’s mission.

Click here for a complete listing of the Diplomatic and Overseas Birthday Honours List.

 


Press Release: Almac Group’s VP of Global Business Development Appointed to BABCPHL Board of Directors

Souderton, US, May 23, 2018Almac Group, the global contract pharmaceutical development and manufacturing organization, is proud to recognize the appointment of George Tiger, Vice President of Global Business Development, Almac Clinical Technologies, to the BABCPHL’s Board of Directors.

Leading global commercial activities for Almac Clinical Technologies, Tiger is responsible for the company’s commercial strategy and execution, working to build and strengthen client relationships, advance the industry-leading Almac ONE solution and expand strategic partnerships. He has over twenty-five years of success in sales, marketing and general management. Prior to joining Almac in 2015, Tiger served as Sr. Vice President for Health Market Science, and served in a number of global leadership positions with ERT and Abbott Laboratories. He is a graduate of Lafayette College with a BA in Economics and Business.

Michael Pedrick, BABCPHL President, commented: “The BABCPHL is pleased to welcome Almac as a Club Level Member. As a global pharmaceutical and biotech company, Almac represents a highly significant and growing business sector for the Greater Philadelphia region, and one that is a key component of US/UK trade in our area. We are delighted George is joining our Board of Directors. He will offer depth and insight about this critical sector, and will help our organization advance our mission and that of Almac through affiliation with the BABCPHL.”

Last year, the Almac Group hosted Ross Allen, Deputy Consul General and US Director of the Department for International Trade, and John Hoggard, Vice Consul and US Healthcare Sector Lead, to present a comprehensive overview of Almac’s history, global presence, and local operations.

Valarie Higgins, President & Managing Director of Almac Clinical Technologies, was also a recent finalist for the BABC’s global Transatlantic Growth (TAG) Women in Business Silver Award, which celebrates successful companies growing their transatlantic business, for her work to implement a successful growth strategy between Europe, the US, and internationally.

To learn more about Almac Group’s work in the US and globally, please visit: https://www.almacgroup.com or e-mail media@almacgroup.com.

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About the British American Business Council
The British American Business Council (BABC) of Greater Philadelphia promotes the trade and investment relationship between the United Kingdom and Southeastern Pennsylvania, Southern New Jersey, and Delaware. The United States of America and the United Kingdom are each other’s largest investors; together we have approximately $1 trillion invested in each other’s economies.

The BABC is part of the largest transatlantic business network with 22 chapters, and more than 2,000 member companies based in major business centers throughout North American and the United Kingdom. Members include many of the world’s largest multinationals as well as thousands of middle market and privately held entities across industry sectors.

About Almac Group
‘Partnering to Advance Human Health’

The Almac Group is an established contract development and manufacturing organisation that provides an extensive range of integrated services to the pharmaceutical and biotech sectors globally. The services range from R&D, biomarker discovery development and commercialisation, API manufacture, formulation development, clinical trial supply, IXRS® technology (IVRS/IWRS) through to commercial-scale manufacture.

The international company is a privately owned organisation that has organically grown over almost 50 years and now employs close to 5,000 highly skilled personnel. Almac is headquartered in Craigavon, Northern Ireland with operations in the UK, Ireland, across the US (Pennsylvania, North Carolina and California) and in Asia (Singapore and Tokyo).


The Royals

People throughout the world are looking forward to watching the Royal Wedding which will air live from London on Saturday, May 19. The BABCPHL is pleased to recognize the growing Royal Family.

Within the short time span of just a few weeks, The Duke and Duchess of Cambridge welcomed their third child, Prince Louis, on April 23, and Prince Harry will wed Ms. Meghan Markle this coming Saturday.

BABCPHL prior two-time President, and current Programs & Events Chairman, Howard Silverstone, was interviewed by the press about this exciting event.  Click through the below links for press coverage.

Radio interview

Online article

 


Transatlantic Growth (TAG) Awards

With offices in both London and New York, BritishAmerican Business (BAB) is the leading transatlantic business organisation dedicated to helping companies build their business on both sides of the Atlantic. Our membership brings together the world’s leading multinational and middle market companies across all sectors and geographies.

Who are TAG Awards for?
SMEs who are growing their Transatlantic business

Why enter?
Winners will receive
• recognition for their achievements
• credibility through a rigorous judging process
• brand exposure to the Transatlantic business community
• a package of carefully curated business incentives to offer practical support and encouragement in their progress

The Awards are simple to enter and you can enter in multiple categories
Enter at https://www.babtagawards.com/awards
Shortlist announced early February 2018
Awards ceremony Grange St Paul’s, London on 15 March 2018
For more details contact Anna or Dominic at adoherty@babinc.org or dparker@babinc.org
or visit https://www.babtagawards.com


Brexit & the New Geopolitical Order – Moving Forward, Charting the Economic Relationship Between the UK, EU and the US

On Thursday, October 5, 2017, the BABCPHL hosted a Brexit update seminar. Attendees included members of the British, German, Italian and Swedish Chambers of Commerce, the World Trade Center of Delaware, and the New Castle County Chamber of Commerce. The event was sponsored by BABCPHL Club Level member, McConnell Johnson Real Estate. Networking and the panel discussion took place in the Atrium at the iconic Wilmington landmark building – Hercules Plaza.

Emanuel Adam, Director of Policy & Trade, BritishAmerican Business, who is based in the London office, joined the BABCPHL in Wilmington to moderate the Brexit discussion. Emanuel develops and executes the BritishAmerican Business’ policy advocacy and trade and investment portfolio for British American Business Council (BABC) chapters throughout the world, representing 2000 member companies in the US and the UK. His current key engagements include Brexit negotiations between the UK and the EU and, in this context, the future trade and investment relationship between the UK and the US. He regularly publishes articles, and represents the network and its members in the media. Emanuel was the perfect moderator to lead the more than 50 global professionals who participated in the BABCPHL Brexit seminar through this timely discussion. He commented about the historic relationship between the UK and the US. The countries are each other’s strongest allies, and both the UK and the US are champions of free trade. Emanuel mentioned the UK is committed to addressing global challenges and its willingness to build on the foundations established within a successful EU. He spoke on behalf of the BABC network, and said we will continue to advocate for an outcome that best serves the UK, US, and the EU economies, its citizens, and our businesses, many which operate daily across borders. As companies continue to assess the impact of Brexit to the UK’s attractiveness as a destination for business and investment, it is crucial that parties continue to engage in a constructive and on-going dialogue with the business community, and deliver the best possible Brexit outcome available.

After providing a brief summary of the topic, Emanuel introduced the first speaker – Freya Jackson, Counsellor and Head of the Global and Economic Policy Group at the British Embassy. Freya joined the Embassy team in July 2016. She leads the Embassy’s teams covering a wide range of issues including trade, investment and economic policy, environment and energy, transport and science, research and innovation. Prior to this role, Freya led the Foreign Policy Team in the National Security Secretariat of the UK’s Cabinet Office (NSC equivalent). Before that, she was the Senior Foreign Policy Adviser during the UK’s Presidency of the G8 in 2012. From 2007 to 2011, Freya led the Climate Change and Global Economy negotiating team in the UK’s Mission to the United Nations in New York. Prior to that, Freya worked as the Head of Nuclear & Missile Defense Team for the Security Policy Department, and at various assignments with the FCO across the globe including Buenos Aires, Casablanca, and Mumbai.

Freya spoke about how Brexit came to be, and what potential scenarios lay ahead with respect to negotiated trade deals and the “new world order” the Brexit will create. She commented on Prime Minister Theresa May’s speech in Florence, delivered on September 22, 2017, and explained the UK will seek to establish a transition period of implementation after Brexit. This period will minimize disruption to business during an agreed upon time frame, therefore avoiding a “cliff-edge” scenario. This arrangement will be crucial to our community, and includes major American investors and leading British firms. Freya talked about how we ended up where we are now; touched upon Article 50 being triggered; and mentioned that four rounds of negotiations with the EU have already been completed. Currently the UK is determining how they are going carry out the Brexit. “A few things are clear – the UK plans to: (1) take care of their citizens; (2) protect the Belfast Agreement; (3) protect the rights of EU citizens; and (4) budget – the UK is expected to pay their way.” Freya carefully explained there are two sides of the equation – the economic side and the societal side. Regulatory standards are high, and custom built dispute regulations will need to be established. From a security standpoint, the UK doesn’t want anything to change; the UK would like to continue to support freedom of movement, and access to global markets.

Andrea Montanino, the C. Boyden Gray Fellow on Global Growth and Finance, and the Director of Global Business & Economics Program at the Atlantic Council focused on the transition from multilateral to bilateral trade agreements; geopolitical issues; and what all of this will mean for labor and trade. Andrea leads the Council’s work on global trade, growth, and finance. He formerly acted as executive director of the International Monetary Fund (IMF), representing the governments of Italy, Albania, Greece, Malta, Portugal, and San Marino. Before joining the IMF, he was a career officer in the Italian Ministry of Finance from 2006 to 2012. As director general at the Treasury Department, he worked extensively to alleviate the impact of the great recession on the business sector, drafting and implementing a number of laws. He also spent four years (2001-2005) at the European Commission in the Directorate General for Economic and Financial Affairs. During those years, he worked on the reform of the EU budgetary rules and was responsible for the long-term sustainability analysis of European countries.

Andrea’s expertise perfectly positioned him to explain how looking at what happened with Greece and the “Grexit” is an important example of how to proceed. The world should take away four lessons learned from the Greece experience: (1) Brexit is a very complicated matter and leaders need to be creative and imaginative to solve the problem; (2) due to the complex nature of the situation, sufficient time is required for a positive outcome; (3) both sides need trust and confidence in the other party; and (4) strong political leadership is key.

After Andrea’s comments about the best case scenario of how to proceed with Brexit, Howard Kass, Vice President of Regulatory Affairs for American Airlines, who oversees American’s regulatory compliance, policy development, corporate security and international affairs and works closely with regulatory authorities in Washington, D.C., and around the world, spoke about how Brexit will impact business, specifically the aviation sector. Howard joined US Airways in 2003 as a director and associate general counsel and most recently was vice president, legal and government affairs for the Airline. Before joining US Airways, Howard worked for the Transportation Security Administration, where he held deputy director and director positions. Prior to the TSA, he was a senior associate with the management consulting firm Booz, Allen, Hamilton in McLean, Virginia. He was also a consultant with GKMG Consulting Services where he advised airport and transportation industry clients on Department of Transportation and FAA regulations. During Howard’s presentation he explained how the aviation industry will be affected by Brexit.

Howard focused his discussion on what needs to happen for a smooth transition to ensure minimal disruption to supply chains, transport of people and goods, and global regulations. He explained the interesting challenges Brexit poses, especially for the airline industry, in which travel plans are made at least one year in advance. Aviation is extremely engaged in Brexit discussions. Separate agreements between the UK and US and the UK and the EU will need to be negotiated to ensure people and goods can continue to fly across borders. Brexit poses both political and philosophical challenges.

Currently there is still a great deal of uncertainty. Brexit is unchartered territory, and the UK exit from the EU is forcing the world to rethink future global relationships. Europe will be redefined, and leaders will need to focus on the important relationships between trade groups and companies of all sizes, including a special focus on small and medium sized enterprises. Despite the current ambiguity of the situation, attendees were actively engaged in the seminar, and asked a series of questions after the panelists’ presentations. As Brexit continues to evolve, it is clear that creativity, time, trust, and strong leadership are the way forward.

The BABCPHL extends special thanks to event sponsors without whom this program would not have been possible: 1313 Innovation, American Airlines, Atlantic Council, and McConnell Johnson Real Estate.

Click here for photos


Cybersecurity – Protecting the Crown Jewels of Your Business

On Tuesday, September 26, 2017, the BABCPHL hosted a cybersecurity seminar outlining the threat landscape; presenting the mitigation responses; and discussing the complexities of the topic. Technology is both a blessing and a curse, and cyber criminals do not need visas or passports to travel between countries.  Cybercrime permeates the globe, and humans are the weak link.  Social engineering plays a big role in the cybercrime equation.  More than 50 people from the British, French, German and Italian Chambers gathered for this dynamic discussion at the Chamber of Commerce for Greater Philadelphia.

Dr. Robert D’Ovidio, Associate Professor in the Department of Criminology and Justice Studies and an Associate Dean in the College of Arts and Sciences at Drexel University, framed and introduced the subject matter. “Online safety is a very complex problem, and it is highlighted by the diversity of the people engaged in using the very technology.”  Rob explained no comprehensive solution exists to protect businesses and people.  Companies and individuals must have responsible environments and promote dialogue about conscientious behaviors.  He set the stage for each of the panelists to discuss what constitutes a breach notification; the importance of prevention plans and education; the current risks; and the variation of laws and standards depending upon jurisdiction.  To kick things off, Rob asked Larry Hershman, Partner at Black Cipher Security to lead the audience through a two minute split screen user/hacker example.  Watching silently, attendees squirmed and blood pressures rose.  The dramatic hacking demo showed just how sneaky a cybercriminal can be, posing as a helpful security measure update, when in fact they are anything but that.  Hackers often rely on social engineering to gain access to valuable data without the compromised individual ever even knowing their information was breached.  This visual example showed how easy, quick, and simple a cyberattack can be executed.

In addition to walking the audience through the hacking demo, Larry talked about the types of cyber threats that are currently out there. He discussed what can be done to mitigate risk, and how to manage complex digital forensic and data breach investigations. Mitigation includes five steps (1) determining if what happened is an incident or a breach; (2) containing it; (3) eradicating it; (4) restoring information; and (5) comprehending lessons learned. Larry also focused his discussion on personally identifiable information (PII); how it is regulated; and the latest tools and techniques available to protect data.

Dan Castle, Information Protection Director at Cigna focused on identity and access management (IAM) – ensuring the right people have the right access to the right systems for the right reasons at the right time. Dan explained IAM is a core business function, not a technical one.  Entitlements are generally grouped into roles, and individuals are not granted entitlements directly, but rather through roles.  These roles need to be managed as employees join, move within, or leave an organization.  The challenge of being globally consistent while also regionally respective is tricky to navigate.  Dan described the area of IAM as complex in nature.  Much depends upon how well educated the users are; who has access to what information; and how data is stored and secured. Multi-factor authentication (MFA) has to be the way forward.

Michael Davis, Principal at Ernst & Young LLP focuses his practice on integrating cyber solutions and controls into business processes and technical operations for life sciences and health care industry clients. Michael laid the groundwork for his discussion by explaining how companies need to start by identifying what is most important to protect, and understanding how regulations and compliance mandates are addressing cyber risk.  Michael stated, “People are the weakest link.  Attackers, while sophisticated, are lazy.  They go for the easiest targets.”  The financial services industry, buying and selling credit card information for example, used to be the easiest group to hit.  Currently, the health care industry is a soft target.

Criminals target an individual within an organization to stealthily capture third party information, and then use very basic internet research skills to obtain additional details about a person. For example, cyber attackers steal personal information such as name, social security number, email and mailing addresses, etc. and then do a comprehensive search of social media and other sites where people willingly give away their identity, including things like children’s and pet’s names, to round out a person’s identity.  If an individual’s personal healthcare record falls into the wrong hands, the aforementioned personal data isn’t the only information obtained.  Now medical issues, such as diseases, medications taken, etc. are in the hands of an unauthorized individual.  A breach can suddenly turn into a question of life and death if a medical record is altered, and a wrong prescription is filled, and administered.

Presenters provided extremely valuable information, and painted a truly alarming picture of the threatening landscape we all traverse on a daily basis. Cybersecurity is undoubtedly a global top of mind issue affecting individuals, companies of all sizes, and every industry sector throughout the world – no one is exempt.  Before inviting audience questions and answers, Rob ended the presentation portion of the seminar by asking each panelist what keeps them up at night.  Michael said the speed at which everyday life is being integrated with technology.  Dan said the internet of things – technology creating a trail.  And Larry said the lack of awareness and understanding that everyone is a target.  Every person in the room left the seminar with the clear realization that cybersecurity must be at the forefront of business practices as modern technology continues to evolve and develop.

The BABCPHL extends special thanks to event sponsors without whom this program would not have been possible: Black Cipher Security, Cigna, Ernst & Young LLP, and the Welsh Government.

Click here to view photos

Click here to read E&Y’s Article: When Privacy is Not Something to Keep Quiet About


New British American Business Council head hopes to enhance local ties with the U.K.

After spending much of his career handling cross-border deals, Morgan Lewis & Bockius partner Michael Pedrick has been appointed president of the British American Business Council of Greater Philadelphia (BABCPHL).

Pedrick, a founding member of the organization, will serve a two year term. During that time, he said he hopes to provide key programming for local businesses on hot topics such as Brexit while also spreading the organization’s reach.

Pedrick, a New Orleans native, joined Morgan Lewis in 1988 and represents borrowers in financing transactions and corporate clients in strategic acquisitions and internal restructuring. Many of his transactions are cross-border in nature, with a good number of clients either emanating from the United Kingdom or U.S companies seeking to do business there.

Pedrick has been involved for about 15 years with BABCPHL, which is one of 22 chapters in the United States, United Kingdom and Canada. He said membership includes over 250 companies and individuals that have businesses in the region.

There are “club level” members offered by invite only to companies interested in a more committed relationship with the organization. They include law firms Drinker Biddle & Reath, Duane Morris, Morgan Lewis and Pepper Hamilton, TD and HSBC banks, American Airlines, United Airlines and Virgin Atlantic Airways, Cigna and all of the Big Four accounting firms.

Pedrick said he met with Philadelphia Commerce Director Harold Epps and the department’s Director of International Investment, Lauren Swartz, to discuss how he can work with them to facilitate more business activity with U.K entities.

“I met with them so if they have something that requires recruiting a U.K. business, we will work with the city and state to help those businesses understand the atmosphere here,” Pedrick said.

The U.K. is the fourth-largest trade partner with Pennsylvania, behind Canada, Mexico and China — a statistic that mirrors many other states. Pedrick said the biggest industry sector in the U.K. is chemicals and two-thirds of the businesses are small or midsized.

“The sectors really match up well with Philadelphia and its strengths,” Pedrick said. “Life sciences, education, chemicals. It’s very tech oriented.”

Swartz said the U.K. is also the foreign country with the largest number of companies and employees in this region. drug companies GlaxoSmithKline and Adaptimmune both have significant operations in Greater Philadelphia.

More recently, Frank Recruitment Group, a British staffing firm focused on tech jobs, signed a five-year lease last year to take a 21,300-square-foot office at 1801 Market St. and said this summer that it was nearly halfway toward meeting its goal of creating 250 local jobs.

U.K. sandwich chain Pret A Manger expanded into Philadelphia for the first time this summer when it opened two locations at the University of Pennsylvania.

The latest entry into the market is Shout Digital, a digital marketing firm founded in 2009 that recently opened offices in One Liberty Place.

There are also U.S. companies expanding into the U.K. market. In May, Center City-based startup Curalate, which creates software that links brands’ online visual content to points of purchase, announced it’s officially launched a U.K. arm to take advantage of the growing demand it is experiencing in Europe.

At Philly Tech Week last May, BABCPHL held its annual “Uber and Out” discussion on tech in the region and how U.K. businesses play a role in its growth.

BABCPHL has two events coming up in the coming weeks. One deals with global cyber security issues and the other explores the future economic relationship between the EU and the UK, including strategic direction; steps toward Brexit; legal implications; and employment and data protection/privacy laws.

Read Full Article


Summer 2017 International Business Networking Reception

Summer 2017 International Business Networking Reception

On Wednesday, July 26, 2017 the British American Business Council of Greater Philadelphia (BABCPHL) partnered with the Asian, French, German, Hispanic, Irish, Israeli, Italian, Russian, Norwegian, and Swedish American Chambers of Commerce for the Seventh Annual Summer International Business Networking Reception. Nearly 300 global business executives gathered at the National Museum of Jewish History for this annual meeting of the who’s who of international relations in the Greater Philadelphia region.  Councilman At-Large, David Oh was the featured speaker.

Councilman Oh began his remarks by referencing a recent injury he had suffered when returning to his Philadelphia home after a long night at work. He spoke about motivation and spirit, and how he was inspired to return home from the hospital after seeing his children’s reaction to his injury.  He then related this to the City of Philadelphia, and how the region has recently enhanced its international trade presence.  Councilman Oh credited this to the cutting-edge businesses, organizations like the International Chambers of Commerce, and people within the City of Philadelphia, and explained how they are the driving force of advancement.  He acknowledged the twelve participating Chambers, and noted organizations like these are what stimulate the Mayor’s Office to become a larger player in the international business arena.  Councilman Oh closed by thanking all in attendance, and offered an invitation into his office for anyone with any suggestions or ideas they may have, adding, “if you do not push us, we will not come together.”

Special thanks to the Chilean Chamber for organizing such an important program for the international business community and to event sponsors: Aramark, DRS, Fox Center for International Business & Research, Klasko Immigration Law Partners, Santander, and Wouch Maloney & Co. LLP.

View photos HERE.

 


BREAKING NEWS: Statement on UK Election Results

British-American Business Council (BABC) Statement on the 2017 UK Election Result

The next UK Government is charged to deliver one of the greatest political and legislative challenges of our time: Defining a new relationship between the United Kingdom (UK) and the European Union (EU).

Our network represents 22 chapters in major cities throughout the US, UK and Canada, including major British and leading American firms, the latter accounting for the largest source of Foreign Direct Investment (FDI) in the UK. The majority of transatlantic businesses wished to see the UK remain a part of the EU – the world’s largest trading block. Transatlantic business therefore has a huge stake in the outcome of Brexit negotiations. In the light of the British people’s decision we are committed to help building a fair, competitive and global Britain, in partnership with the EU and other countries in the world.

Delivering clarity on Brexit negotiations

To ensure that the UK remains an attractive place to live, work and invest in, it is imperative that the new UK Government delivers clarity as to when and how it wants to proceed with the Brexit negotiations. Any outcome of the negotiations needs to ensure that it supports British business’ trade in goods, services and data flows, secures US investment and investment-related jobs in the UK and creates the conditions that promotes the UK as an attractive destination for investment going forward.

The BABC appreciates the previous UK Government and Departments efforts in addressing our transatlantic business’ concerns and priorities. Now, with the first negotiation round in sight, we urge the new Government to show its promised openness to find practical, reasonable solutions to the complexity of issues that Brexit entails, and sufficient time for businesses to adjust. Our overall call for the new UK Government remains that the period of uncertainty needs to be as short as possible.

Ensuring a strong and sturdy UK economy now and post-Brexit

A strong UK economy is important for business, workers and consumers; and it is a crucial factor in ensuring a strong role for the UK during the negotiations with the EU.

The next Government’s objective needs to create an even more competitive business environment, particularly through a smart and encouraging tax system, investment in infrastructure, an immigration system that allows our companies to attract the skilled talent they need, and a focus on trade and investment and the delivery of a comprehensive Industrial Strategy, among others.

US-UK Economic Relationship as a source of strength and opportunity

The UK-US economic relationship stands for unparalleled business ties across the Atlantic. The US is the number one export destination for the majority of UK regions and nations. UK firms continue to grow and expand into the US. US firms employ more than one million workers in the UK.

There has never been a better opportunity to relaunch and strengthen the UK-US economic relationship as a source of strength and opportunity. We are excited about the shared commitment expressed by the political leaders to explore future options of further economic integration.

Even during the complex Brexit negotiations, much can be done to offer more opportunities for UK and US firms in each other’s markets. We encourage the next UK Government to continue efforts to open a formal dialogue on the future of the UK-US trade and investment relationship; meant to provide short- and mid-term options that can help to foster UK-US trade in goods and services, too deepen investment, and to explore options for formal trade arrangements in the future that can work in partnership with the EU and other countries.

British-American Business Council (BABC):

The British-American Business Council (BABC) is the largest transatlantic business network, with 22 chapters in the UK, US and Canada, and over 2,000 member companies based in major business centers throughout North America and the United Kingdom. Its membership includes many of the world’s largest multinationals, as well as hundreds of middle market and smaller companies.

The Secretariat as well as the Policy and Trade support for the BABC is being provided by BritishAmerican Business (London).

 

 

 

 

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The BABCPHL recognizes our Club Level Members:

  • Almac
  • American Airlines
  • Bartlett
  • Cigna
  • Deloitte
  • Drinker Biddle & Reath LLP
  • Duane Morris
  • EisnerAmper LLP
  • HSBC
  • Johnson, Kendall & Johnson, Inc.
  • McConnell Johnson Real Estate
  • Morgan Lewis
  • Law Firm of Pepper Hamilton
  • TD Bank
  • United Airlines
  • Virgin Atlantic