Britain to sign biggest U.S. state-level trade pact yet with Texas

Britain will on Wednesday sign a memorandum of understanding on trade with Texas, the biggest U.S. state so far to agree to such a pact aimed at boosting investment. Britain is seeking state-level deals with U.S. states while talks over a Free Trade Agreement at a federal level have been frozen since President Joe Biden took office. "Today's signature with Texas marks the UK's eighth U.S. state-level pact, meaning UK firms now have access to states with a combined GDP of 5.3 trillion pounds ($6.76 trillion) – equivalent to a quarter of the whole US economy," Business and Trade Secretary Kemi Badenoch said in a statement.