UK Agrees to Trade Deal With Texas as Biden Continues to Reject Post-Brexit National Agreement
Getty Images
Britain agreed to a trade deal with Texas as the UK government continues its strategy of inking agreements with individual American states as the Biden Administration remains unwilling to sign a national post-Brexit trade deal, a position that can at times give the impression of being a punishment for the British people ignoring President Obama's instruction to vote for Europe in 2016.
Downing Street announced on Wednesday that it has agreed to a Statement of Mutual Cooperation trade pact with Texas, the second-largest economy in the United States with a GDP of £1.9 trillion ($2.4 tn) in 2022, which if counted as a single country would be the eighth largest economy in the world, beating out Italy and just trailing behind France.
With the Biden White House shutting down any hopes of a post-Brexit trade deal between the two allies, the UK has taken to doing deals with individual states in America. The agreement with the Lone Star state marks the eighth such deal but by far the largest agreement to date.
LONDON, ENGLAND – MARCH 13: Kemi Badenoch, the UK Business and Trade Secretary (R) and Texas Governor, Greg Abbott (L) sign a trade pact to boost trade and investment ties between the UK and Texas, in Downing Street on March 13, 2024 in London, England. The Business and Trade Secretary hosted Texas Governor Greg Abbott to recognise the enduring collaboration between the UK and Texas.(Photo by Peter Nicholls/Getty Images)
Number 10 said that the UK is already the eighth-largest international goods export market for Texas, with trade in goods hitting £14.7 billion in 2023.
The British government said that the agreement with Texas will seek to make it “quicker, easier, and cheaper for UK and Texas firms to do business” together by reducing trade barriers and increasing investment.
The agreement will specifically seek to increase cooperation in “areas of opportunity and future growth, such as aerospace, advanced technologies, supply chains and critical minerals, infrastructure, transport services, and chemicals.”
The relationship between the United Kingdom and Texas stretches back to even before the state was annexed and incorporated into the Union. A physical representation of this relationship remains in central London, with the building which housed the Texas Legation diplomatic mission to the British Empire from the Republic of Texas between 1836 and 1845 still standing today — marked with a plaque — in Pickering Place near St James's Palace.
Though tariff policy is set by President Biden, individual states can make deals with foreign nations in non-tariff areas, including the service industry, which accounts for around 64 per cent of British exports to America — worth about £83.7 billion https://t.co/L7fQeIQxNr
— Breitbart London (@BreitbartLondon) February 20, 2022
Commenting on the agreement Business and Trade Secretary Kemi Badenoch said: “Today’s signature with Texas marks the UK’s eighth US state-level pact, meaning UK firms now have access to states with a combined GDP of £5.3 trillion – equivalent to a quarter of the whole US economy. This shows our US state-level strategy is working and really delivering for British businesses. ”
Texas Governor Greg Abbott said: “As our ninth largest trade partner, the United Kingdom plays a critical role in the Texas economic juggernaut. Strengthening the bond between Texas and the United Kingdom is crucial for our shared economies to prosper.
“By signing this Statement of Mutual Cooperation today, we will further promote economic growth on both sides of the Atlantic. Texas is the economic engine of America, where entrepreneurs from around the globe can cast a vision and know they can achieve it. Working with our British partners, we will chart a greater path towards success and opportunity and create an even more robust economic partnership.”
The Governor of Texas, Greg Abbott, arrives at Downing Street, London, ahead of a meeting with Business Secretary Kemi Badenoch for the signing of a statement of mutual cooperation to strengthen the trade and economic development ties between the UK and the US state of Texas. Picture date: Wednesday March 13, 2024. (Photo by Stefan Rousseau/PA Images via Getty Images)
The agreement comes as the British government continues to be stymied in crafting a post-Brexit trade deal with the United States as a whole. While the UK had an opportunity to come to an agreement with former President Donald Trump, who often expressed a desire to come to a “very substantial” trade deal with Britain, a lack of urgency from the Boris Johnson government in concert with the Chinese coronavirus crisis prevented an agreement from being struck.
In contrast to Trump, who was a vocal supporter of the pro-sovereignty Brexit movement, President Biden has long been openly hostile to Brexit. Biden has also been frequently accused of being anti-British in general, often highlighting his Irish ancestry in a manner hinting at a dislike for the English, despite his family also having English roots.
Brit-Bashing Biden Leaves No Chance of UK-U.S. Trade Deal Before 2025 – Report https://t.co/BwpJ5eKgsZ
— Breitbart London (@BreitbartLondon) April 12, 2023
Follow Kurt Zindulka on X: Follow @KurtZindulka or e-mail to: This email address is being protected from spambots. You need JavaScript enabled to view it.
Source link