U.S., U.K. forge ‘Atlantic Declaration’ to boost ties

Source: The post is based on the article “U.S., U.K. forge ‘Atlantic Declaration’ to boost ties” published in The Hindu on 15th June 2023

What is the News?

The United States and the United Kingdom have announced the Atlantic Declaration for a Twenty-First Century U.S.-UK Economic Partnership.

What is the Atlantic Declaration?

Signed between: US and UK

Aim: To adapt, reinforce, and reimagine the longstanding alliance between the two nations to effectively address the challenges of the current era.

– To enhance industry collaboration in defence and renewable energy sectors in response to China’s growing competition.

The declaration also includes a commitment to a “new UK-US Data Bridge” which would allow UK firms to transfer data freely to certified US organizations without paying a levy.

Pillars: The declaration is built on five pillars: 

– Ensuring the leadership of the United States and the United Kingdom in critical and emerging technologies. 

– Advancing closer cooperation on tech protection, economic security toolkits and supply chains.

– Partnering on an inclusive and responsible digital transformation.

– Building the clean energy economy of the future.

– Strengthening alliance across defence, health security and space.