Published: 27 May 2022
BAB Welcomes Signing of Memorandum of Understanding Between the United Kingdom and The State of Indiana
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Contact: Dominic Parker, Senior Communications & Media Manager
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In response to the announcement that the British government and the State of Indiana have signed a Memorandum of Understanding (MoU) on trade and investment, BAB CEO Duncan Edwards said:
“On behalf of our members, BritishAmerican Business welcomes today’s announcement from the British government and the State of Indiana on the successful negotiation and signing of a Memorandum of Understanding. Such agreements are an opportunity to make tangible progress towards a closer transatlantic trade and investment relationship at the state level, strengthen local economic ties, as well as create opportunities for the industries of tomorrow on both sides of the Atlantic.
“However, as we highlighted earlier this year, these MoUs should not be treated as a replacement for a full Free Trade Agreement between the UK and US, which we believe would be of the greatest benefit to both countries. We nonetheless look forward to continuing to work alongside both governments to support this state-led engagement and foster a closer transatlantic relationship.”
Read the British government’s announcement here.
About BritishAmerican Business
BritishAmerican Business is the leading transatlantic trade association incorporating the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and actions that protect and enhance the environment for transatlantic trade and investment on behalf of our members.
We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms.
We actively promote trade and investment and support those who make the transatlantic corridor part of their business growth ambition.