UK to sign first trade deal with US state this year

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UK to sign first trade deal with US state this year

The UK government is to sign its first trade deal with an individual US state this year, with more expected this year as it attempts to show post-Brexit progress.

The deal will help deliver value to UK businesses and support areas of shared interest, such as levelling up Prime Minister Boris Johnson's government's view on a trade agreement with the US as one of the biggest prizes of leaving the EU.

The UK says that it will remove barriers to trade and allow businesses to invest, export and create jobs with its deal with Indiana, a Midwestern state.

The UK says there will be opportunities for businesses in areas such as renewable energy, advanced manufacturing and pharmaceuticals.

It says the deal will streamline procurement processes, enable academics to collaborate more easily, and ensure that professional qualifications are recognized on both sides.

The deal is the first of many agreements we'll be signing in the future as we look to strengthen our 200 billion trading relationship with the US Trade Minister Penny Mordaunt.

The US government under President Biden has not made a firm commitment to a free-trade deal with the UK despite historic ties between the two countries.