MIAMI.- Florida Governor Ron DeSantis and United Kingdom Secretary of Commerce and Trade Kemi Patenoch signed a Memorandum of Understanding (MOU) to increase trade and bilateral investment between Florida and the United Kingdom.
“Florida is a national leader in business development and economic growth, and the MOU will ensure our state continues to be a champion of American excellence,” said DeSantis, who will continue his career as a Republican representative in the 2024 presidential election. Elections.
For his part, Badenoch said “Florida is an important economy in its own right, with a GDP higher than most European countries. From launching satellites to the development of the latest financial technology software, Florida’s leading high-tech companies offer enormous opportunities in the UK’s rapidly expanding technology sector.
The MOU, signed Nov. 15 in Jacksonville, follows the governor’s international trade offensive in Japan, South Korea, Israel and the United Kingdom, where DeSantis signed several agreements with various international companies to expand business opportunities in Florida.
The document has five basic objectives: to increase trade, bilateral investment, create a forum to resolve potential trade barriers, encourage innovation and foster academic and research linkages between the two sides.
The MoU establishes priority areas of care and cooperation:
- Space
- Fintech, including assurance
- Medical technology
- Supply chains and logistics
- Transportation
- Infrastructure including cyber security
- Legal Services and Legal Technology
- Agricultural Biotechnology
- Emerging areas such as semiconductors and photonics.
The United Kingdom is currently the largest foreign investor in Florida and the eighth largest trading partner. British companies represent more than 70,000 jobs in Florida.
For its part, the State of the Sun offers the European country a wide range of products, including aircraft and aerospace equipment, and is one of the top destinations for British tourists.
Bilateral trade has reached $5.8 billion and has grown 119% over the past five years, according to the governor’s office.
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