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UK business slams Us trade policy ahead of Bush visit

AFP, Birmingham, England
British business leaders, gathering in a bellicose mood for their annual conference Monday, urged Us President George W Bush to tear down trade barriers which they warned were destroying global prosperity.
Gathering in the central English city of Birmingham on the eve of the Us leader's state visit to Britain, the Confederation of British Industry (CBI) urged Bush to reverse a slide towards "isolationism and protectionism" by scrapping controversial steel tariffs.
The country's top business grouping also turned the heat up under its own government with a stark warning that
more than two thirds of Britain's captains of industry believe the country is becoming less attractive to investors.
But the business chiefs turned their biggest guns on Bush, whose Treasury secretary John snow is to share a platform at the conference on Tuesday with his British counterpart, Chancellor of the Exchequer Gordon Brown.
CBI President John Egan warned in his opening speech to the conference that British companies were "deeply concerned" about Us trade policy.
"There is a real danger of (the United states) sliding towards isolationism and protectionism. The rest of the world desperately needs America to stay engaged," he said.
Egan urged the United states to abandon its steel tariffs, which were declared illegal by the World Trade Organisation last week.
"It is business everywhere that pays the price when politicians engage in trade wars. No government should avoid playing its part in removing trade barriers that destroy wealth."
In a sign that the United states may be heeding such calls, an effort to try to ward off a trade war between Europe and the United states was expected to be unveiled this week.
Britain, the United states and other countries "have agreed to proceed with a major trans-Atlantic review on how we can move beyond the old trade disputes
and reap the benefits of greater trade and investment liberalisation," Brown was expected to tell the conference.
"What binds America and Britain together is not simply a shared history but shared values," he was to say.
British business leaders want their prime minister, Tony Blair, to use his influence as Bush's closest international ally to ensure they are not discriminated against when doing business in the world's biggest economy.
Blair is expected to press Bush to ditch Us tariffs on steel imports to avert a threat by the European Union to hit the United states with billions of dollars in sanctions in retaliation for the duties, imposed in March 2002.