Reacting to news of the deal, William Bain, Head of Trade Policy at the BCC, said:

“We welcome the first Memorandum of Understanding reached between the UK and a US state – the Hoosier state – Indiana.

“Traders in the UK will hope this is the first stage in a process, with both State Houses and the US Federal Government, that leads to a clear boost to UK exports.

“We want to see cuts to the costs and red tape for exporters, help for supply chain co-operation, new opportunities for green trade, secure mutual recognition of professional qualifications, wider services access and new business travel options.”