The State of Texas and the United Kingdom are signing a "state of mutual cooperation" to improve trade and investment ties. The agreement comes during a visit by Governor Greg Abbott to meet with business and government leaders in London.
"I’m delighted to welcome Governor Abbott to the UK for this landmark signing," said UK Business and Trade Secretary Kemi Badenoch.
The Governor will be in the UK through Thursday. Several other officials from Texas are part of the delegation, including Texas Secretary of State Jane Nelson and Texas Economic Development Corporation President & CEO Aaron Demerson.
"As we meet with business and government leaders in the United Kingdom this week, I look forward to expanding our economic partnership and welcoming new opportunities to promote innovation, business expansion, and job creation for an even bigger, better Texas," Gov. Abbott said.
The agreement will focus on areas where Texas and the UK already have shared expertise. Those include new energy solutions, life sciences, and professional business services.
Texas is the eighth state to sign a trade agreement with the UK. Florida signed a similar agreement with the country last year.
"UK firms now have access to states with a combined GDP of £5.3 trillion - equivalent to a quarter of the whole US economy," said UK Business and Trade Secretary Kemi Badenoch. "This shows our US state-level strategy is working and really delivering for British businesses."
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