US and UK to form new partnership in economic cooperation

The US and the UK have agreed on a new partnership to strengthen economic cooperation between the two countries. The White House announced the Atlantic Declaration, which provides a framework for the US-UK Economic Partnership for the 21st Century, with the aim of adapting, strengthening, and redesigning the alliance between the US and the UK to meet current challenges. The statement emphasized that cooperation between the US and the UK is more important than ever, and that this requires keeping up with changes and adapting the alliance to these. The statement drew attention to the fact that technology, the economy, and national security are more deeply intertwined than ever, and noted that we are facing new challenges to international stability such as authoritarian states such as Russia and China, disruptive technologies, non-state actors, and transnational challenges such as climate change. Closer cooperation in critical technologies The statement noted that an Atlantic Declaration was agreed upon to develop the partnership in the economic field, and that the Atlantic Declaration and the accompanying Plan of Action form the foundation for a new type of innovative partnership across the entire spectrum of economic, technological, and trade relations. The statement noted that this will create a new economic security framework encompassing ever-closer cooperation on critical and emerging technologies such as semiconductors, quantum technologies, artificial intelligence, cutting-edge telecommunications, and synthetic biology. It was conveyed that this partnership will help deepen trade and investment relations, as well as strengthen the alliance between the two countries in defense, science, health security, and space, and enable the exploration of increased cooperation opportunities in other areas for mutual economic benefit. The statement noted that as the first steps of the new partnership, the leadership of the United States and the United Kingdom in critical and emerging technologies will be ensured, closer than ever cooperation will be pursued on economic security, technology protection toolkits, and supply chains, a partnership will be established for an inclusive and responsible digital transformation, the clean energy economy of the future will be built, and the alliance of the two countries will be further strengthened in the areas of defense, health security, and space. Negotiations are planned to begin for a critical minerals agreement The statement, which emphasized that the two countries are determined to achieve their goals within the scope of the Paris Agreement, build a clean energy economy, strengthen resilient supply chains and invest in industrial bases, reported that negotiations will begin for an agreement on critical minerals, which are important for electric vehicles. The statement noted that a civil nuclear partnership will also begin.