Britain signed a trade agreement with Texas on Wednesday after it failed to secure a post-Brexit deal with the wider United States. UK Trade Secretary Kemi Badenoch and Texas Governor Greg Abbott signed the agreement in London. Rather than a formal trade deal, the Texas signing is akin to a memorandum of understanding designed to improve co-operation between UK businesses and peers in the US state. Some trade deals have been signed, including with faster-growing economies such as Australia, New Zealand and Singapore. The UK also joined 11 Asia-Pacific countries who are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Source: The Times March 13, 2024 21:30 UTC