Reacting to news of a pharmaceuticals deal with the US, William Bain, Head of Trade Policy at the BCC, said:
“The original trade deal, agreed with the US in May, promised preferential outcomes on pharmaceuticals tariffs for the UK. We are pleased to see this has now been delivered, with the confirmation that these exports to the US will be tariff free.
“Pharmaceuticals make up a fifth of all UK exports to the US by value, and the UK now has a deal which few others have achieved, giving us a distinct advantage.
“This deal is a real win. It will promote exports, boost investment, and enhance UK competitiveness as a production and innovation base for world-leading medicines and treatments.”
About the British Chambers of Commerce - Where Business Belongs
The British Chambers of Commerce (BCC) sits at the heart of a powerful network of 51 Chambers of Commerce across the UK, representing thousands of firms. It provides a unified voice for these companies, rooted in their communities, at the national level. We link our UK network with over 75 international member chambers, to promote trade and investment, and work for a better future for businesses around the world.
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