US and UK Forge ‘Atlantic Declaration’ to Boost Economic Ties

The United States and the United Kingdom have recently unveiled a groundbreaking strategic pact known as the “Atlantic Declaration.”
This agreement reaffirms their longstanding “special relationship” and outlines a joint effort to tackle challenges posed by Russia, China, and economic instability. Rather than pursuing a post-Brexit free-trade agreement, the two nations have opted to develop a new green economy through extensive industrial subsidies.
The Atlantic Declaration focuses on fostering industry collaboration in defense and renewable energy sectors to effectively respond to China’s growing competition. In addition, it acknowledges the need to address the threats of authoritarian states, disruptive technologies, non-state actors, and transnational issues like climate change. This article explores the key terms and implications of the Atlantic Declaration.