In response to the announcement that the British government and the State of Indiana have signed a Memorandum of Understanding (MoU) on trade and investment, BAB CEO Duncan Edwards said:

“On behalf of our members, BritishAmerican Business welcomes today’s announcement from the British government and the State of Indiana on the successful negotiation and signing of a Memorandum of Understanding. Such agreements are an opportunity to make tangible progress towards a closer transatlantic trade and investment relationship at the state level, strengthen local economic ties, as well as create opportunities for the industries of tomorrow on both sides of the Atlantic.

“However, as we highlighted earlier this year, these MoUs should not be treated as a replacement for a full Free Trade Agreement between the UK and US, which we believe would be of the greatest benefit to both countries. We nonetheless look forward to continuing to work alongside both governments to support this state-led engagement and foster a closer transatlantic relationship.”

Read the British government’s announcement here.