Governor Ricketts provides update on trade mission to UK and Ireland

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Press release :

Governor Ricketts provides update on trade mission to UK and Ireland

Governor Ricketts (front and center in blue tie) and members of the Nebraska trade delegation

during a meeting with the British-American Business Association earlier today in London.

LONDONS, UNITED KINGDOMToday Governor Pete Ricketts provided an update to the media on the State of Nebraska’s Trade Mission to the United Kingdom and Ireland. The Nebraska Trade Delegation left for the mission on August 21st and will return home on August 28e. It includes state agency directors, agricultural producers, insurance industry leaders and economic development leaders.

On Monday, the trade delegation met with the Association of British Insurers to highlight Nebraska’s strength in insurance. Since the United Kingdom’s exit from the European Union in 2020 (Brexit), British insurers have been looking to develop stronger relationships in the United States. Nebraska Department of Insurance Director Eric Dunning and other key state insurance industry leaders develop relationships with UK regulators and insurers during trade mission to position Nebraska as a key partner in their insurance industry.

During today’s conference call, Malcolm Smith, Vice President of State Government Relations for AFLAC, shared his extensive business experience in Nebraska after residing in the state approximately 20 years. As part of the Trade Delegation, he helps advocate Nebraska’s responsive and fair regulatory environment to UK insurers looking to do business in the US. During his comments on today’s call, Governor Ricketts reiterated the value of being able to promote Nebraska as an ideal place for British businesses to locate as they seek to expand their product and service offerings. services across America.

While in the UK, the Nebraska Trade Delegation works to reduce trade barriers. On Tuesday, Governor Ricketts met with Penny Mordaunt, Britain’s Minister of State for Trade Policy. As bilateral trade talks stall between the UK and US federal governments, the UK has started to reach out to individual US states. During their meeting, Governor Ricketts and Minister Mordaunt discussed ways to open trade between Nebraska and the United Kingdom.

The growth of Nebraska agriculture is another key priority for the trade mission. During today’s conference call, Nebraska Farm Bureau Chairman Mark McHargue spoke about export opportunities for beef and ethanol to the UK. He said Nebraska ranchers have been able to share their success in reducing energy intake while increasing beef production. The trade delegation met with the UK Department for Environment, Food and Rural Affairs to tell the story of Nebraska agriculture. They also dined at Goodman’s restaurant in London, which sells premium Nebraska beef.

Governor Ricketts added that the Nebraska delegation was able to highlight ethanol advancements, such as carbon sequestration and the adoption of higher ethanol blends, to UK leaders. Last year, the UK increased its ethanol blending requirement for all gasoline from 5% to 10%, generating demand for biofuels. The governor said Nebraska ethanol offers a great solution for UK consumers concerned about rising fuel costs and looking to reduce their carbon footprint.

Tomorrow, the trade delegation will meet with Haleon executives to thank them for doing business in Nebraska. The company (recently spun off from GSK) is headquartered in central London and manufactures consumer healthcare products in a factory just east of Nebraska’s capital.

The Nebraska trade mission will continue Thursday afternoon in Ireland.

Audio of today’s conference call is available via click here.

Additional photos of the trade mission can be found here.

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