The US Trade Representative and the United Kingdom’s Ministry of Economic Development have announced the signing of a landmark agreement to boost the global trade of doctoral degree students.
The UK and the US announced on Wednesday that they will sign the Comprehensive Economic and Trade Agreement, which will bring a number of measures in place to ensure the UK and US will continue to enjoy a high degree of trade and investment ties as a result of the agreement.
According to the agreement, the two countries will enter into an agreement to create a new trade agreement for doctoral degree researchers in 2021, a date set to be announced in the coming weeks.
Under the agreement they will also sign a memorandum of understanding on a research cooperation mechanism and on the establishment of a joint research centre.UK Trade Minister Ed Vaizey said the agreement will help UK doctoral degree research flourish, but added that it also aims to ensure that the UK will continue trading with its neighbours.
“The agreement is a landmark moment in UK and United States trade relations, and it shows that the agreement is also working in our favour, as we continue to trade with and invest in our trading partners,” Vaizeys said.
“With this agreement, our two countries are committed to maintaining an open and transparent trade relationship, which is vital to the economic recovery of both our countries.”
Vaizeys added that the deal is also important in terms of the future of trade in the UK.
“This is a great day for PhD researchers.
This agreement means that UK is now a major global trading nation, and this will continue for years to come,” he said.
The agreement also aims at improving the working conditions for UK doctoral students in the United States, which has a strong reputation for high quality research, particularly in engineering.
“We are pleased that the United states and the UK are committed in this agreement to strengthen their trade relationship and ensure the health of UK PhD research,” said Richard Tice, chair of the British Phd Research Council, which represents more than 1,000 PhDs in the US.
“Research on the UK’s Phd research is also in the interests of our US partners, so this agreement can also be a boost for UK researchers,” he added.
In addition to the memorandum of agreement, both countries have agreed to establish a joint Research and Innovation Centre to improve research and innovation, and a research and development fund for PhDs.
According, the agreement aims to strengthen UK trade and investments with the United Arab Emirates, which holds the world’s largest doctoral degree trade surplus with the UK, and other countries.