International Trade Secretary Anne-Marie Trevelyan is finalising a deal with the state of Indiana that will help to scrap bureaucratic red tape and
International Trade Secretary Anne-Marie Trevelyan is finalising a deal with the state of Indiana that will help to scrap bureaucratic red tape and boost jobs. It is the first of seven pacts with individual states set to be signed off in the coming months.
Express.co.uk first reported on the Indiana plans last month.
A deal with Texas is also in the works and could be done by October.
Ms Trevelyan confirmed plans to turbo-charge trade with the US were set to take off in the next fortnight when speaking to The Sun.
“State-by-state we are doing all sorts,” she said.
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“We’ve got some really good discussions going on.
“Watch this space.”
The Government moved to aiming for a series of smaller deals signed with states in order to get around the reluctance of President Joe Biden to negotiate a full free trade agreement with Britain.
Washington threatened not to hold talks with the UK until Prime Minister Boris Johnson stopped attempting to renegotiate the Northern Ireland Protocol with the EU.
He has repeatedly warned the Government’s Brexit actions risk undermining the Good Friday Agreement.
However, despite President Biden’s threats, the US has publicly admitted it has no plans to do a trade deal with any country at a national level until the economic situation caused by Covid and the Ukraine war is under control.
“Let’s crack on with that. We’re doing both.”
Indiana currently buys $1.4billion worth of UK goods every year and is already Britain’s seventh-largest export market.
It is hoped the signing of a trade deal will further boost trade.
Writing for Express.co.uk last month, Trade minister Penny Mordaunt said the deals would “cut bureaucracy, reduce costs and increase the flow of business”.
She wrote: “These plans are bespoke to each state and some also reach upwards to city level.
“Ninety-three percent of the growth in the US comes from its Metro areas.
“Some will focus on specific sectors and geographies in the UK.
“We now have a pipeline of agreements.”