In addition, the two associations called for regulatory cooperation to prevent barriers to trade, align regulatory procedures, and create efficiency gains for the supply chain.
A UK-US trade agreement, the statement added, should keep existing regulatory regimes concerning chemical substances in place, while opening new avenues for cooperation between regulators.
'A trade agreement between the UK and the US will help ensure both countries maintain critical market access during this unprecedented and challenging time,' said CIA chief executive Steve Elliott.
Also commenting on the agreement, ACC president and CEO Chris Jahn said free trade deals open new markets and maximise speed and efficiency.
'A US-UK trade agreement presents an opportunity to leverage the highly integrated and efficient nature of our chemical manufacturing supply chains,' he said.
This is an edited version of a report that first appeared in European Rubber Journal.