Engineers from Britain and the United States have reached a mutual recognition agreement of industry qualifications and licenses, making it easier for professionals to work on either side of the Atlantic. The agreement was signed by the UK's Engineering Council and the US National Council of Examiners for Engineering and Surveying. The deal simplifies processes for engineers to get certification, have qualifications recognized, or move between the two countries, and reduces restrictions on cross-border services provision. 26 US states have already confirmed their intent to sign up for the agreement [f5d7c630].
This agreement between the UK's Engineering Council and the US National Council of Examiners for Engineering and Surveying aims to simplify processes for engineers to obtain certification and have their qualifications recognized in both countries. It also reduces restrictions on cross-border services provision. 26 US states have expressed their intent to join the agreement, further facilitating the mobility of engineers between the US and the UK [f5d7c630].
BASIS, a tech industry association in Bangladesh, has launched a US desk to promote tech exports. The US desk aims to facilitate business opportunities and collaborations between Bangladeshi tech companies and US counterparts. The initiative is part of BASIS's efforts to boost the country's tech sector and increase exports. The US desk will provide support and guidance to Bangladeshi tech companies looking to expand their presence in the US market. The launch of the US desk comes after a memorandum of understanding (MoU) was signed between JISA and BASIS. The US desk is expected to play a crucial role in promoting bilateral trade and strengthening the tech ecosystem in Bangladesh [7a8e9d3b].
The National Association of Manufacturers (NAM) recently hosted a business roundtable discussion with Make UK, the British counterpart association, to explore ways to enhance the U.S.-U.K. trade and economic relationship. The meeting was attended by a delegation of eight members of Parliament from the Business and Trade Commission, British Embassy representatives, and U.S.- and U.K.-based manufacturers. The focus of the discussion was on pragmatic measures that can help the economies grow, create jobs, innovate, and prosper together. The participants discussed important legislation for manufacturers, such as the 2021 Bipartisan Infrastructure Law, the CHIPS and Science Act of 2022, and parts of the Inflation Reduction Act of 2022. The U.S. is the U.K.'s single biggest trading partner, accounting for over 16% of total trade in 2022. U.S. exports to the U.K. were $76.2 billion in 2022, while American imports from the U.K. were $64.0 billion. The NAM remains committed to strengthening the bonds between the U.S. and the U.K. regardless of the outcomes of the upcoming presidential election [86340c30].
This meeting between NAM and Make UK, along with the British Parliament members, aimed to enhance the U.S.-U.K. trade and economic relationship. The discussion focused on pragmatic measures to promote economic growth, job creation, innovation, and prosperity. The participants also discussed important legislation for manufacturers, including infrastructure, science, and inflation reduction. The U.S. is the U.K.'s largest trading partner, and both countries have a strong interest in strengthening their economic ties. The NAM is committed to fostering a strong U.S.-U.K. relationship, regardless of political outcomes [86340c30].
BritishAmerican Business (BAB) has launched its annual Trade and Investment Guide to assist UK firms in expanding their operations in the United States. The guide provides detailed insights into various sectors and states in the US, covering aspects such as financial planning, logistics, legal services, and immigration. It also highlights the support available from governments, economic development agencies, associations, and networks. The guide examines how UK companies can leverage opportunities from the UK Government's state-led Memoranda of Understanding (MoU) scheme, which has signed trade pacts with several US states. The CEO of BAB, Duncan Edwards, stated that the guide offers British companies a complete overview of resources available to grow their business in the US. The Minister Counsellor for Commercial Affairs at the U.S. Embassy in London, Laurie Farris, emphasized the opportunities for businesses in the US market, highlighting incentives such as the CHIPS and Science Act, the Bipartisan Infrastructure Law, and the Inflation Reduction Act. The launch of this guide further strengthens the efforts to promote trade and investment between the UK and the US [7eac3b84].