Britain signs major trade deal with Florida to boost space industry

Business Secretary Kemi Badenoch has signed a significant trade agreement with the state of Florida to enhance trade relations. The deal, struck with Governor Ron DeSantis, aims to facilitate and expedite business activities between British firms and the thriving space sector in Florida. With a GDP of over £1.1 trillion, comparable to that of Spain, Florida offers immense potential for the development of the UK's space industry.

Elevating Britain's space industry

The trade deal with Florida holds promising prospects for the UK's space industry. Home to the NASA Kennedy Space Centre, Florida serves as the ideal hub for collaboration and innovation in the field. By forging closer ties, British firms will have greater access to the state's high-tech companies and their cutting-edge capabilities. From satellite launches to fintech software development, Florida's tech sector presents abundant opportunities for the rapidly expanding UK tech industry.

Strengthening economic ties

Expressing her enthusiasm for the partnership, Kemi Badenoch emphasized Florida's status as a significant economy, surpassing the GDP of many European countries. The trade agreement aims to foster economic cooperation and provide a platform for British businesses to engage with Florida's thriving market. Governor Ron DeSantis echoed her sentiments, expressing his honor to strengthen the economic partnership between the state and the United Kingdom.

Expanding trade horizons

The trade deal with Florida is the latest in a series of agreements the UK has signed with US states, collectively accounting for a GDP of £3.3 trillion. Business Secretary Kemi Badenoch has been actively pursuing state-by-state mini deals to boost trade and generate employment opportunities. In her previous trade mission to the US, she engaged with influential companies like Bloomberg and Microsoft, while also conducting trade talks with US Trade Representative Katherine Tai.