The United States and the United Kingdom are the world’s leading exporters of digitally-delivered services, and much of their trade is with each other. Both countries have increasingly been using foundational technologies, from blockchain to artificial intelligence, to perfect new applications and transform old processes. The potential for a vibrant and vast digital trade relationship is very exciting.
What would a positive and far-reaching policy roadmap to facilitate and expand digital trade between the United States and the United Kingdom look like? This report offers a policy roadmap for a future digital trade agenda, tailored to two like-minded technology heavyweights who are massive users of e-commerce, data, and digital services. We conclude that the United States and the United Kingdom should be ambitious in furthering their bilateral digital trade agenda.
To this end, they should use bilateral dialogues and any future free trade agreement to significantly expand digital trade volumes between the United States and the United Kingdom; establish new cooperation to accelerate the development of new technologies and the formation of new technology companies; and fuel the use of crucial technologies, such as artificial intelligence and blockchain, which have the potential to transform countless industries.
191126__US-UKDigitalTrade_WEB_v2To view the full report, click here.