https://www.miningweekly.com
Cutting|Energy|Infrastructure|Nuclear|Safety|Solar|Technology|Infrastructure
Cutting|Energy|Infrastructure|Nuclear|Safety|Solar|Technology|Infrastructure
cutting|energy|infrastructure|nuclear|safety|solar|technology|infrastructure

US and UK back new 'Atlantic Declaration' for economic cooperation

9th June 2023

By: Reuters

  

Font size: - +

WASHINGTON/LONDON - Britain and the United States backed a new "Atlantic Declaration" on Thursday for greater cooperation on pressing economic challenges in areas like clean energy, critical minerals and artificial intelligence.

The joint declaration described the partnership as the "first of its kind" in covering the broad spectrum of the two countries' economic, technological, commercial and trade relations.

Under the plan, Britain and the United States will strengthen their supply chains, develop technologies of the future and invest in one another's industries, British Prime Minister Rishi Sunak's office said.

Sunak and US President Joe Biden also agreed to launch a new civil nuclear partnership as part of their clean energy cooperation, which will include setting up new infrastructure over the long term and cutting reliance on Russian fuel.

The two countries also agreed to work together on ensuring the safe development of AU technology, starting with Britain hosting a global summit later this year.

The United States was looking to Britain to help lead a common approach on AI safety and regulation, Biden said at a joint news conference with Sunak in Washington.

The two nations will also begin negotiations on a critical minerals agreement, which would allow some UK firms to access tax credits available under the US Inflation Reduction Act.

The minerals, such as lithium, nickel, cobalt, graphite and manganese, are critical for batteries for electric cars, smartphones and solar panels.

Britain and the United States will also co-operate on telecoms technology including 5G and 6G and quantum technologies, the Atlantic Declaration said.

The declaration also included a commitment in principle to a UK-U.S. "data bridge" which would make it easier for British businesses to transfer data freely to U.S. organisations without red tape.

Edited by Reuters

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.122s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: