The UK has agreed a trade deal with Texas as the UK government continues its strategy of striking deals with American states, while the Biden administration remains reluctant to sign a post-Brexit national trade deal. Punishment for British citizens who ignored President Obama’s instructions to vote for Europe in 2016.
downing street announced On Wednesday, it announced that it had agreed to a statement of mutual cooperation with the state of Texas. Texas is the second largest economy in the United States, with a GDP of 1.9 trillion pounds ($2.4 trillion) in 2022, and the eighth largest economy in the world when counted as a single country, second only to Italy. It is the second largest country after France.
With President Biden shutting down any hope of a post-Brexit trade deal between the two allies, the UK has moved on to strike deals with US states. The agreement with the Lone Star State is the eighth such agreement, but by far the largest to date.
LONDON, UK – MARCH 13: UK Business and Trade Secretary Kemi Badenoch (right) and Texas Governor Greg Abbott (left) strengthen the UK-Texas trade and investment relationship in Downing Street on March 13. signed a trade agreement. , 2024, London, England. The Secretary of Commerce and Trade invited Texas Governor Greg Abbott to recognize the enduring cooperation between the United Kingdom and Texas. (Photo by Peter Nichols/Getty Images)
Number 10 said the UK was already Texas’ eighth largest international goods export market, with goods trade valued at £14.7 billion in 2023.
The UK government said the deal with Texas aims to “make it faster, easier and cheaper for UK and Texas companies to do business together” by reducing trade barriers and increasing investment. said.
The agreement specifically aims to strengthen cooperation in “opportunities and future growth areas such as aerospace, advanced technology, supply chains and critical minerals, infrastructure, transport services, and chemicals.”
The relationship between the United Kingdom and Texas dates back to before Texas was annexed and incorporated into the Union. A physical representation of this relationship remains in central London, where the building that housed the diplomatic mission of the Texas Legation from the Republic of Texas to the British Empire from 1836 to 1845 still stands near Pickering Place. It remains and has a nameplate attached to it. St James’s Palace.
Tariff policy will be decided by President Biden, but individual states can enter into agreements with foreign countries in non-tariff areas, including the services industry, which accounts for about 64% of UK exports to the US (about 83.7 billion (equivalent to pounds sterling) is also included. https://t.co/L7fQeIQxNr
— Breitbart London (@BreitbartLondon) February 20, 2022
Commenting on the agreement, Kemi Badenoch, Minister for Business and Trade, said: “Today’s signing with Texas marks the UK’s eighth US state-level agreement. It marks the UK’s 8th US state-level agreement, meaning that British companies will be in a state with a combined GDP of £5.3 trillion (equivalent to a quarter of the world’s). It means being able to access it.” The entire US economy. This shows that US state-level strategies are working and delivering real results for UK businesses. ”
Texas Governor Greg Abbott said: “As our ninth largest trading partner, the UK plays a critical role in the growth of Texas’ economy. is essential for it to thrive.
“By signing this Statement of Mutual Cooperation today, we will further foster economic growth on both sides of the Atlantic. Together with our UK partners, we will chart a greater path to success and opportunity and build an even stronger economic partnership.”
Texas Governor Greg Abbott is in London ahead of a meeting with Economy, Trade and Industry Minister Kemi Badenoch for the signing of a statement of mutual cooperation to strengthen trade and economic development ties between the UK and US states of Texas. Arrived at Downing Street. . Photo date: Wednesday, March 13, 2024 (Photo by Stefan Rousseau/PA Images via Getty Images)
The deal comes as the UK government continues to struggle to formulate a post-Brexit trade deal with the US as a whole. Britain had the chance to reach an agreement with former President Donald Trump, who had often expressed a desire to strike a “very substantial” trade deal with Britain, but in concert with China’s coronavirus Boris Johnson’s government lacked urgency. No agreement was reached due to the crisis.
In contrast to President Trump, who was a vocal supporter of the pro-sovereignty Brexit movement, President Biden has long been openly hostile to Brexit. Biden has also frequently been accused of being anti-British in general, often highlighting his Irish ancestry in a way that hints at a hatred of British people, even though his family is similar. doing. roots of english.
British Biden bashing leaves no chance of a UK-US trade deal by 2025 – Report https://t.co/BwpJ5eKgsZ
— Breitbart London (@BreitbartLondon) April 12, 2023
