British Prime Minister Rishi Sunak and the US President Joe Biden signed a new “Atlantic Declaration” aiming to bolster economic security in the face of threats coming from Russia and China.
Key points
- The agreement, announced on June 7 is a series of mini deals looking artificial intelligence, critical minerals, clean energy and security.
- The Atlantic Declaration, includes commitments on easing trade barriers, closer defence industry ties and a data protection deal and steps up co-operation on AI.
- The Atlantic Declaration commits the UK and US to working on a new critical minerals agreement – which would give buyers of vehicles made using critical minerals processed, recycled or mined by UK companies access to tax credits.
- The declaration says the agreement would be launched after consultation with US Congress.
