South Carolina, United Kingdom announce intentions to bolster trade relations

South Carolina Governor Henry McMaster met with United Kingdom officials on Wednesday to sign a memorandum of understanding (MoU) announcing the intent to increase future trade relations between the two entities.

South Carolina is the third state to sign an MoU with the U.K.

According to the memorandum, the agreement prioritizes research and development opportunities within the automotive and life sciences sectors.

“With economic development records being broken seemingly every year, South Carolina is entering an era of economic prosperity never before seen in state history,” said Governor Henry McMaster. “Through this partnership with the United Kingdom, we further our momentum and provide South Carolina and our businesses with a competitive advantage over other states when competing for economic development and trade with the United Kingdom.”

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