Obama says pushing Senate on UK defense trade deal

WASHINGTON (BestGrowthStock) – President Barack Obama said on Tuesday his administration was pushing the U.S. Senate to move forward on a defense industry trade agreement with Britain.

Obama addressed the issue at a joint news conference with British Prime Minister David Cameron.

“I told David that my administration’s working hard with the Senate to move forward as soon as possible with our defense trade treaty with the UK, which will be good for our workers and our troops in both our countries,” Obama said.

Then-President George W. Bush and former British Prime Minister Tony Blair signed a treaty in 2007 to remove bureaucratic barriers and export license requirements between their defense industries.

The pact has languished in the U.S. Senate, which must approve it before it goes into effect.

The defense trade agreement meshes with the Obama administration’s push to liberalize export controls, as it seeks to increase U.S. exports.

A similar pact with Australia, also signed in 2007, has also not received Senate approval.

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(Reporting by Patricia Zengerle and Doug Palmer, editing by Doina Chiacu)

Obama says pushing Senate on UK defense trade deal