United Kingdom Skyline
U.S. Commercial Service United Kingdom
in partnership with the Institute of Directors presents: U.S. and UK Opportunities for Business Growth and Collaboration
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U.S. and UK Opportunities for Business Growth and Collaboration Event

United States Commercial Service and the UK Institute of Directors present:

U.S. and UK Opportunities for Business Growth and Collaboration

U.S. and UK businesses have deep and broad relationships that provide millions of jobs for workers in both countries. In the wake of the pandemic, those partnerships are more important than ever. Trade between the U.S. and the UK plays an essential role in the economies of both nations, and following Brexit, the drafting of a new free trade agreement has begun and both side seems eager to continue the mission of establishing a long-term free trade agreement.

Valuable Partners - in the Past and in the Future

UK companies of all sizes and sectors benefit from U.S. innovation, and have understood how implementing a U.S. strategy and presence significantly contributes to their global success. The numbers in brief:

  • In 2020, largely due to the pandemic and uncertainties surrounding Brexit, total bilateral trade fell to $224 billion with U.S. exports in goods and services.
  • The U.S. and the UK are major sources of investment in each other’s markets. UK-sourced investments totaled $446.1 billion in the United States in 2019, generating $47.7 billion in U.S. exports and supporting 1.27 million U.S. jobs. U.S.-sourced investment in the UK stands at $851.4 billion.
  • $6.7 billion value in R&D spending by U.S. affiliates of majority UK-owned firms in 2018.
  • The United States is renowned for innovative goods and services, high standards of quality, customer service, and sound business practices – giving U.S. exports a unique competitive edge. U.S.-based businesses are connected to 20 additional countries through free trade agreements, providing enhanced access to over 780 million consumers.
  • The top 6 industry’s supported by UK FDI in the US are Business Services, Software & IT Services, Financial Services, Communications, Industrial Equipment, and Transportation. 
U.S. and UK Opportunities for Business Growth Event Agenda

Time/Date: Wednesday, November 17 from 17:00-19:30

Location: U.S. Embassy in London || 33 Nine Elms Lane || SW11 7US

U.S. Commercial Service point-of-contact: Gus Franklyn-Bute.

Find more event information and register on the IoD website.

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

Limitations

As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

Privacy

The Chatbot does not collect information about users and does not use the contents of users’ chat history to learn new information. All feedback is anonymous. Please do not enter personally identifiable information (PII), sensitive, or proprietary information into the Chatbot. Your conversations will not be connected to other interactions or accounts with ITA. Conversations with the Chatbot may be reviewed to help ITA improve the tool and address harmful, illegal, or otherwise inappropriate questions.

Translation

The Chatbot supports a wide range of languages. Because the Chatbot is trained in English and responses are translated, you should verify the translation. For example, the Chatbot may have difficulty with acronyms, abbreviations, and nuances in a language other than English.

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