United Kingdom / US: New Trade Cooperation Agreement with Texas
On March 13, London signed itsEighth Trade Cooperation Agreement with an American State. This signature with the state of Texas, the second largest economy in the United States, comes at a time when British Prime Minister Rishi Sunak is struggling to deliver on his promises to conclude major post Brexit trade agreements.
Since its exit from the European Union, the United Kingdom has been working to reduce existing trade barriers with the United States. But since Joe Biden took office, negotiations have been taking place at the state level, which could not be achieved at the federal level (cf.United Kingdom / US: Trade negotiations resume).
After the realization ofagreement with Florida State in NovemberThis eighth signature gives UK companies access to a market representinga quarter of the US BIP, or $6,760 billion.
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