UK Signs Economic MOU With North Carolina

The U.K. on July 20 signed an economic memorandum of understanding with North Carolina -- the second such agreement of its kind with a U.S. state following the agreement with Indiana, the Department for International Trade announced. The MOU will address "unnecessary barriers to trade, cut costs and slash paperwork so British and North Carolinian businesses can work together more efficiently." The agreement aims to increase growth in green trade, foster collaboration in clean tech and energy infrastructure, and eliminate trade barriers. The U.K. plans to sign similar agreements with Oklahoma and South Carolina, the DIT said.