The taskforce will explore options for resuming UK-US travel and ensure two countries are aligned on future international travel policy.
It will be overseen in the UK by transport secretary Grant Shapps and chaired by senior Department for Transport officials and their US counterparts.
Boris Johnson and Joe Biden will meet on Thursday (10 June) ahead of the G7 summit (11-13 June) and are expected to agree a new Atlantic Charter featuring a "principled commitment" to open up travel between the UK and the US "as soon as possible".
The charter will be modelled on the 1941 accord signed by Winston Churchill and Franklin D Roosevelt setting out the two countries’ goals for the post-war world.
"Many people in the UK and US have been prevented from seeing family and friends for more than 400 days as a result of coronavirus travel restrictions," said the UK government.
"Before the outbreak of coronavirus, more than five million Brits visited the US and 4.5 million Americans visited the UK every year – more than any other country.
"The prime minister and president Biden are expected to agree to work to relaunch UK-US travel as soon as possible through a new travel taskforce, which will make recommendations on safely reopening international travel.
"The taskforce will work to explore options for resuming UK-US travel and ensure the UK and US closely share thinking and expertise on international travel policy going forward."
The government said travel and transport links between the UK and the US were also critical to creating and sustaining jobs, with Johnson and Biden are expected to discuss ways to enhance trade between the two nations.
They will also discuss a range of other topics, including climate change and Northern Ireland.
Another major focus will be efforts to address the Covid pandemic and prevent future outbreaks and pandemics. This work will involve scaling up joint work on genomic sequencing and assessment of new variants of Covid-19.
This will see the UK Health and Safety Authority’s new Centre for Pandemic Preparedness partner with its US equivalent, the proposed National Center for Epidemic Forecasting and Outbreak Analysis, to collaborate on an integrated global surveillance system.
The taskforce will be the third created by the UK government during the Covid crisis; the first laid the foundations for the UK’s "test to release" scheme and the second the traffic light regime that is currently governing the UK’s resumption of international travel.
