Overseas Trade: USA

(asked on 14th April 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what recent discussions she has had with her US counterpart on reducing market barriers for UK firms to trade at the state level in the United States.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 24th April 2023

My honourable friend is right to raise opportunities to boost trade at the state level. Just last week, I signed a Memorandum of Understanding (MoU) with Oklahoma, our fourth with an individual US state, which provides a framework to promote British business and tackle barriers to trade.

We are also supporting professional bodies and regulators to remove barriers at the state level, including through recognition of professional qualifications. Last week, I attended the launch of an architecture Mutual Recognition Agreement between British and American regulators which we estimate could increase UK services exports to the US by £40 million per annum.

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