The UK has signed a trade pact with Texas that aims to boost investment and trade cooperation in new energy solutions.
The UK signed on Wednesday a trade pact with Texas, aimed at boosting investment and trade cooperation in new energy solutions, life sciences, and professional services. The so-called Statement of Mutual Cooperation SMC will strengthen trade between the UK and Texas, the UK government said on Wednesday during a visit of Texas Governor Greg Abbott to London. The trade agreement is Britain’s biggest pact with a U.S. state to date, as Texas has the second largest U.S.
“This arrangement is targeted at sectors where the UK and Texas have shared expertise such as new energy solutions - including hydrogen and carbon capture, utilization, and storage, life sciences, and professional business services.
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