The British International Trade Secretary has said there are “huge opportunities to deepen the trading links benefiting communities on both sides of the Atlantic” before her three-day visit to the US.
Anne-Marie Trevelyan will use her first official trip to the US this week, to New York and Washington, to bolster transatlantic trade and investment, the Department for International Trade said.
Ms Trevelyan will try to build on the recent lifting of the US ban on British beef and lamb to push for World Trade Organisation reform, closer trade ties with US states and a future free-trade agreement with the US, it said.
New research on the role of American-owned businesses in the UK, published by the department, suggested the US has been the UK’s largest single inwards investment partner country for the past two decades.
The department's analysis showed US-owned businesses supported 1.48 million UK jobs in 2019. It said that 60 per cent of these jobs were outside London and the South-East.
Wholesale and retail accounted for 29 per cent of UK employment in US-owned businesses in 2019, followed by 22 per cent in scientific, technical and IT activities.
“From Teesside to Tulsa, there are huge opportunities to deepen the trading links benefiting communities on both sides of the Atlantic," Ms Trevelyan said.
“Now is the time to hit the ground running and get on with boosting ties with our closest ally.”
During her visit, Ms Trevelyan will meet senior investors in New York, before travelling to DC on Tuesday for talks with US Trade Representative Katherine Tai and members of Congress.
She is also expected to meet US Commerce Secretary Gina Raimondo and attend a Women in Trade roundtable hosted by the US Chamber of Commerce.
Trade minister Penny Mordaunt will also complete a multi-state visit of south eastern parts of the US and California, from December 5 to 16, to discuss areas for further co-operation including services, digital and agriculture.
“The government have long promised that a free-trade agreement with the United States would be top of the priority list. We are two years on from the general election and no deal is even in place," said shadow international trade secretary Nick Thomas-Symonds.
“The Secretary of State must use her visit to Washington to prioritise British jobs and industry and kickstart the negotiations.
“She must also – urgently – work with the US government to lift the damaging steel and aluminium tariffs imposed in 2018. The Conservatives have not taken this issue seriously enough. They must stop letting steel workers down.”
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Brief scores:
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Mane 24', Shaqiri 73', 80'
Manchester United 1
Lingard 33'
Man of the Match: Fabinho (Liverpool)
Tomorrow 2021
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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- 600-seat auditorium
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It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
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www.instagram.com/thegoodkarmaco
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Second Test
Pakistan v Australia, Tuesday-Saturday, 10am daily at Zayed Cricket Stadium, Abu Dhabi
Entrance is free
If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
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