According to a transatlantic survey done by both the UK Trade & Investment (UKTI) and British American Business Inc., British and American firms are growing closer together as trade between the counterparts have been increasing.
Based on the survey, inward investment projects from the United States to the UK rose to 48 per cent over 2003 totals, placing at 464 and creating 17,730 jobs.
The survey revealed that the “special relationship” between the United States and the United Kingdom has grown ever stronger for the last five years because of the strength of both countries’ economies as well as their skilled workforce.
Eighty-nine per cent of the survey respondents credited UK workers with having good skills, compared to 74 per cent who said the same thing about their American counterparts.
Nearly one-fifth of the respondents said the UK is a country where you can easily recruit talented staff. Twelve per cent , on the other hand, said the same thing about the US.
According to Trade Minister Ian Pearson, the UK considers the United States a very important trading partner and that the positive perception shows that the business relationship between the two countries is continually growing.
The US-based survey respondents praised the UK for having a compatible business environment and that it has fewer restrictions and regulations compared to other European Union countries.
Company formation and business solutions experts welcome this development saying that a healthy business relationship between the two countries may compel start up entrepreneurs to explore the possibility of expanding their businesses to include trading in the US.