The Power of Positive Partnerships
by Carlo Diana, Director, Trade Finance and Supply Chain Management, Lloyds Bank Wholesale Banking & Markets
Growth may be harder to find these days, says Carlo Diana, but, for countless UK companies, the US remains a huge and natural expansion arena. And it’s clear that our transatlantic traders have greater need than ever for expert and flexible funding.
It’s surely time to revisit George Bernard Shaw’s provocative definition of England and America as “two countries separated by a common language”. In today’s uniquely challenging transatlantic trading environment, the UK and US seem to me now to be more like two partners distinguished by shared goals. History has created important positives in this partnership. Corporates on both sides of ‘the pond’ have long benefited – and still do – from their affinities of language and their similarities of business culture.
Growth may be harder to find these days, but the central truth is that, for countless UK companies, the US remains a huge and natural expansion arena. Outside the Eurozone itself, the US is the UK’s largest single export market, and a highly significant source of trade for UK importers.
And, although Britain’s self-exclusion from the Eurozone itself has tended to strengthen Germany’s competitive counter-claim to ‘favoured nation’ status, it remains the case that this country still pulls considerable weight with US corporations seeking convenient trading and investment bridgeheads into continental Europe.