{"id":121844,"date":"2023-11-30T13:09:04","date_gmt":"2023-11-30T13:09:04","guid":{"rendered":"https:\/\/cottontailsonline.com\/?p=121844"},"modified":"2023-11-30T13:09:04","modified_gmt":"2023-11-30T13:09:04","slug":"kemi-badenoch-hints-which-us-state-could-be-brexit-britains-next-trade-win","status":"publish","type":"post","link":"https:\/\/cottontailsonline.com\/politics\/kemi-badenoch-hints-which-us-state-could-be-brexit-britains-next-trade-win\/","title":{"rendered":"Kemi Badenoch hints which US state could be Brexit Britains next trade win"},"content":{"rendered":"

Kemi Badenoch says ‘we cannot stand still’ on UK investment<\/h3>\n

Trade Secretary Kemi Badenoch has suggested Britain now has its eyes on its next major trade boost with a US state, following her success in Florida two weeks ago.<\/p>\n

Speaking in the Commons, Ms Badenoch told MPs that Britain is on course to sign a huge agreement with California, a state with an economy larger than India and Britain.<\/p>\n

If California were an independent country, it would have the fifth largest economy in the world, after the US, China, Japan and Germany, meaning a potentially huge boost for Britain\u2019s exporters.<\/p>\n

Responding to a question from David Davis about her recent deal in Florida, and what it means for progress on a US-wide trade deal, the trade secretary said it is disappointing that the US is refusing to sign new trade deals with any third country.<\/p>\n

\u201cI will start off by letting my Rt Hon. friend know that we are very ready to have a trade deal with the US, but the US is not undertaking any FTA with any country, this is of course disappointing but they know we stand ready.<\/p>\n

READ MORE: <\/strong> Kemi Badenoch signs major new trade pact with Florida in latest Brexit victory<\/strong><\/p>\n

<\/p>\n

\u201cThat is why we\u2019ve had the state [memorandum of understanding] programme.<\/p>\n

\u201cThe latest figures actually show that UK-US trade has reached \u00a3310 billion.\u201d<\/p>\n

She outlined that the UK is the biggest investor in Florida, but her eyes on the next potential trade partner already.<\/p>\n

\u201cI met the California governor, Gavin Newson, who wants to be even faster in signing a memorandum of understanding with the UK, because they understand this is a country that has a lot of opportunity to offer and they want to do business with us.\u201d<\/p>\n

A source subsequently told the Express that talks with the major US state are \u201cprogressing nicely\u201d, and they hope to conclude the agreement next year.<\/p>\n

They added the negotiations are in a \u201cgood place\u201d.<\/p>\n

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