Economy

Helping UK Businesses Find Success in America: BritishAmerican Business Launches New Trade and Investment Guide

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BritishAmerican Business (BAB) has launched the latest edition of its annual Trade and Investment Guide, a crucial resource for British companies aiming to expand their operations in the United States.

This comprehensive guide is designed to assist UK firms in navigating the diverse and extensive US market, offering detailed insights into various sectors and states.

The US, composed of 50 distinct markets, presents unique opportunities in areas such as fintech in Florida, energy solutions in Texas, electric vehicles in Indiana, and creative industries in California. The Trade and Investment Guide provides UK companies with essential information to make informed investment decisions, covering critical aspects such as financial planning, logistics, legal services, and immigration. Additionally, it highlights the support available from governments, economic development agencies, leading associations, and networks to help UK businesses thrive in the US.

BAB’s new guide also examines how companies can leverage opportunities from the UK Government’s state-led Memoranda of Understanding (MoU) scheme. Trade pacts have been signed with states including Indiana, North Carolina, South Carolina, Oklahoma, Utah, Washington State, Florida, and Texas, enhancing trade and investment prospects for UK firms.

Duncan Edwards, CEO of BritishAmerican Business, commented: “As the largest transatlantic trade organisation, we are pleased to offer the most comprehensive resource on the market for UK businesses looking to do business in the US. Our latest Guide to the US is being released at a time of great momentum for the UK-US trade and investment relationship. The US economy is leading the developed world in growth, and the US government’s investment packages on infrastructure, chips technology, and green industries are creating additional incentives for British firms. Knowing how to navigate the extensive US market is vital and we hope that this Guide offers British companies a complete overview of all the useful resources available to grow their business in the US.”

Laurie Farris, Minister Counsellor for Commercial Affairs at the U.S. Embassy in London, added: “There has never been a better time to start or grow a business in the United States. This year, the U.S. market topped the A.T. Kearney Foreign Direct Investment Confidence Index for the 12th year in a row. Opportunities abound, particularly with incentives such as those offered by the CHIPS and Science Act, the Bipartisan Infrastructure Law, and the Inflation Reduction Act. Businesses of any size can succeed in America. From large automakers and steel manufacturers to small software companies, and from energy producers to service providers, and everything in between. The United States is also the world’s single-largest economy and most attractive consumer market. Investing in the United States gives companies direct access to those consumers and a solid base through which a company can grow globally.”

The latest Trade and Investment Guide from BritishAmerican Business is now available and serves as an invaluable tool for UK companies seeking to explore and succeed in the vast US market.

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