Question to the Department for International Trade:

To ask the Secretary of State for International Trade, if she will make an assessment of the potential impact on the UK economy in pounds sterling of the Memorandum of Understanding on economic cooperation and trade relations between the US state of Indiana and the UK over the next 12 months.

The Memorandum of Understanding (MOU) between the UK and Indiana builds on the strong existing relationship we have with an economy worth around £306bn, and is the first such MOU to be signed with an individual US state.

This MOU will help us to bolster the over £1 billion worth of goods Indiana already buys from the UK by providing a framework to address market access barriers and increase opportunities for UK and Indiana businesses to invest and create jobs in a variety of sectors such aerospace, pharmaceuticals, and automotives. These sectors were worth a combined £36bn to the UK economy in 2021.