Trade pact with the UK
After traveling to London, we met with the United Kingdom’s Trade Minister Nigel Huddleston and signed a historic Memorandum of Understanding. The U.K.-Utah MOU is the first to prioritize fintech as well as aerospace, supply chain resilience and life sciences.
We also met with many British officials – including the Chair of the National Infrastructure Commission, Minister of Investment and officials from the City of Cambridge and Cambridge University – to discuss trade partnerships, housing affordability, and investment.
Utah and the United Kingdom have a strong relationship. More than 10,700 Utahns are employed by U.K. subsidiaries and 38,330 Utah jobs are supported by exports to the United Kingdom. In 2022 alone, Utah exports to the U.K. exceeded $7 billion. The U.K. is Utah’s largest trading partner (in terms of exports).
We thank both the U.K. and France for the warm welcome to their countries and for their efforts to foster trade partnerships, investment, educational partnerships, and cultural collaboration with the Beehive State!
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