UK/US defence trade cooperation treaty

At present arms and defence-related technologies cannot be exported from the US without an export licence. The system is burdensome and time consuming and discourages US/UK industrial collaboration. This report examines the UK/US Defence Trade Cooperation Treaty, which would seek to establish a new framework for arms trade and technology transfer between US and UK by removing the need for a licence in certain categories. Treaty is only a framework agreement as the detailed operation is still to be set out in Implementing Arrangements. In the expectation of satisfactory Implementing Arrangements the Committee endorse the Treaty.