This Memorandum of Understanding (MOU) is made between the State of Indiana in the United States of America (“Indiana”) and the authorities of the United Kingdom of Great Britain and Northern Ireland (“the United Kingdom”). The United Kingdom and Indiana are every a “Participant” and collectively the “Participants”.

Whereas, the Participants, in recognition of the substantial economic exercise between themselves, have established an everlasting and productive relationship primarily based on mutual pursuits;

Whereas, the Participants share the goal of deepening their already well-established economic growth cooperation and trade relations to strengthen their companies and create jobs in each Indiana and the United Kingdom;

Whereas, the Participants recognise:

  • the total significance of the economic relationship between the United States of America and the Participants, and the relationship between the United Kingdom and Indiana
  • the benefits derived from strengthening and broadening sectors of mutually useful trade and funding
  • the significance of working collectively to create a talented and trendy workforce to fulfill the wants of an progressive and digital economic system
  • the worth of shut cooperation and consultations between the Participants on economic points to make sure open traces of communication and sharing of greatest practices
  • the significance of working collectively, the place potential, on issues of economic significance

Whereas, the Participants intention to advertise and foster sustainable progress and assist innovation and strengthen the inexperienced economic system and deal with local weather change.

Whereas, the Participants recognise that:

  • analysis, know-how, entrepreneurship and innovation are basic to economic progress and prosperity
  • worldwide collaboration is mutually useful to their researchers and companies
  • to achieve the international innovation economic system, there’s a have to strengthen their respective talents to speed up the commercialisation of rising applied sciences and the progress of home companies, while conforming to proportionate requirements of analysis safety and integrity

Whereas, the Participants aspire to speed up and safe the vital social and economic advantages that clear progress and decarbonisation ship and to get well from the COVID-19 pandemic in a fashion which can construct a greener and extra resilient planet for weak communities and future generations.

Recognising the robust and mutually supportive relationship between trade, regulation and innovation, and the contribution of every to economic progress and addressing shared challenges and affirming the Participants’ dedication to increasing their cooperation on this space.

Therefore, the Participants, in the spirit of selling nearer relationships, intend to additional assist and work cooperatively inside the boundaries of current legal guidelines and treaties of their respective jurisdictions on objectives and points as set forth beneath.

SECTION 1: OBJECTIVES

Objectives of this MOU embrace:

1. Enhancing cooperation

a. The Participants share the goal of deepening their already well-established economic growth cooperation and trade relations to strengthen their companies and create jobs in each Indiana and the United Kingdom.

b. The Participants share the goal of creating a structured framework of engagement to establish and promote alternatives for his or her respective residents and companies.

2. Accelerating the growth of initiatives to advance low emissions know-how

a. Particularly in relation to applied sciences wanted to handle local weather change, in relation to electrical automobiles, agriculture and manufacturing, and by means of collaboration and the sharing of greatest practices.

3. Removing obstacles to trade and funding

a. The Participants will intention to establish, and the place they exist, search to discover options to obstacles to free and open trade, leveraging coverage and session mechanisms accessible.

b. Where acceptable, the Participants decide to contemplating and pursuing options to particular market entry obstacles, akin to authorities procurement, and supporting regulators and skilled our bodies all for pursuing recognition preparations on skilled {qualifications}.

c. The Participants decide to selling consultant and accessible trade missions with a spotlight on range and inclusion, which look to boost the profile and networks of minority-owned companies with targeted delegations, joint roundtables and different various, focused occasions.

d. The Participants will have a look at deepening business interactions, together with mutual trade of enterprise delegations, acceptable sharing of market info in addition to different cooperative actions.

4. Growing educational and analysis ties

a. The Participants will work to selling collaborative tasks, analysis, info trade and the sharing of greatest follow and experience concerning innovation, with a selected focus on precedence sectors while concurrently making certain that any collaboration ought to conform to proportionate requirements of analysis safety and integrity.

SECTION 2: AREAS OF COOPERATION

In line with the precept of mutual profit, the Participants share the intent to cooperate with respect to the areas beneath. These areas of cooperation could characteristic extra particularly in the sectoral areas of cooperation outlined in Sections 2 and 3 beneath.

1. Economic growth and funding

This space of cooperation promotes enterprise interactions between the Participants, together with mutual trade of acceptable enterprise delegations and market info in addition to different cooperative actions in recognition of the significance of two-way funding. This ought to improve the mutual buying and selling relationship in key areas akin to superior manufacturing, aerospace and aviation, and inexperienced economic system and power transition. The Participants will work to handle altering know-how and disruptive improvements, with cutting-edge provisions that maximise alternatives for Indiana and the United Kingdom, and in all interactions intention to uphold values of inclusive trade and inclusive progress.

2. Workforce growth

This space of cooperation helps the sharing of greatest practices and coverage developments to ship accessible workforce coaching and alternatives. The Participants will share greatest practices to make sure their respective workforces can meet the wants of high-demand, high-wage and high-quality jobs created by innovation throughout all sectors. Acknowledging the shift towards a low carbon economic system, the Participants will search to create a dialogue on learn how to greatest prepare and transition their respective workforces to adapt to new applied sciences and proceed to maintain communities. They will trade experience on ‘just transitions’ for employees as the shift in direction of low carbon economies brings about adjustments to the varieties of job that exist and will work collectively to make sure that the coverage is people-focused and considers the impression on jobs and communities.

The Participants will decide to broadly accessible inexperienced expertise schooling exchanges for folks of all backgrounds. The Participants decide to figuring out alternatives for strategic partnerships between personal sector firms to strengthen capabilities to compete in worldwide markets; this might embrace employee trade programmes or embedding group members to trade information, expertise, and greatest practices.

3. Innovation and regulatory cooperation

Within the framework of every Participant’s current legal guidelines and rules, this space of cooperation helps and permits innovation, the place acceptable, by sharing experience and greatest practices that recognise the significance of resilient and forward-looking regulatory frameworks, permitting for experimentation and adoption of progressive and disruptive applied sciences (e.g., automated automobiles, synthetic intelligence and blockchain). This will additional sign mutual ambition to assist innovation-sensitive sectors, construct like-mindedness on the significance of trade resilience to innovation, while being conscious of any client safety, confidentiality, security and privateness considerations which will come up.

Where acceptable, cooperation on this space intends to scale back current and anticipated obstacles to trade for progressive firms, assist them develop their experience in transformative areas and facilitates enterprise in the different Participant’s market.

4. Academic cooperation

This space of cooperation focuses on facilitating the creation of new trade packages or the enhancement of current packages to assist and encourage acceptable institutional collaboration between schools and universities, in addition to analysis establishments in Indiana and the United Kingdom. Any such collaboration ought to conform to proportionate requirements of analysis safety and integrity.

SECTION 3: PRIORITY SECTORS FOR COOPERATION

In line with the precept of mutual profit, the Participants intend to prioritise cooperation in the sectors listed beneath.

1. Advanced manufacturing and supplies

This space of cooperation promotes collaborative tasks, analysis, and info trade concerning innovation in superior manufacturing, notably in assist of sustainability. It goals to spur manufacturing progress by supporting regional and nationwide initiatives to facilitate motion of items and folks, and to work to share greatest practices and world-class experience present in each jurisdictions. This cooperation helps the Participants’ sustainability priorities and business motion in direction of sustainable manufacturing.

2. Aerospace and aviation

This space of cooperation targets the growth, operation, and manufacturing of plane between the aerospace industries of the Participants, with the intention of enhancing aerospace manufacturing attractiveness, workforce growth, international direct funding and market entry.

3. Life sciences

This space of cooperation works to advance firm partnerships, alternatives, economic growth missions, symposia, workshops, and different related cooperative occasions; market entry, early-stage firm funding, finance, and assist; medical analysis; and analysis partnerships.

4. Agriculture and agbioscience

This space of cooperation seeks to facilitate collaboration and info sharing in the area of sustainable agriculture and agricultural know-how and innovation to enhance farm administration and productiveness together with agricultural biotechnology, together with cross-disciplinary discussions related to meals, agriculture, science, and know-how companies, by supporting, as acceptable, a productive long-term relationship utilising related public and personal entities to trade greatest practices and designate areas of progress inside the sector. Agbioscience is the convergence of agriculture, biology, and science and/know-how and is the place meals, agriculture, science and know-how come collectively to drive innovation.

5. Automotive, together with electrical, linked and automated mobility

This space of cooperation fosters info sharing in the growth and assist of the automotive business, together with automotive innovation, engineering and manufacturing, and battery analysis and workforce growth, particularly as they relate to the commercialisation, manufacturing, and deployment of electrical, linked, and automated mobility.

6. Low-emissions know-how and options

This space of cooperation targets the growth of initiatives to advance clear and dependable low emissions options and promotes the trade of info, and collaboration on efforts to handle local weather change and drive down the price of the applied sciences wanted to decrease emissions. It goals to speed up analysis, growth and innovation in applied sciences that assist clear, low-cost and dependable power and improve collaboration with analysis establishments, business or others, as acceptable.

7. Energy, and infrastructure

This space of cooperation centres on creating personal and public sector alternatives for collaboration in the power and energy-infrastructure sectors, with an emphasis on clear energy technology and progressive power storage options and applied sciences. These efforts are supposed to assist the inexperienced economic system and associated provide chains to make sure a simply transition for employees and communities, and to spur progress and innovation in a precedence space for each Participants.

SECTION 4: GOVERNMENT PROCUREMENT

  1. The United Kingdom reaffirms its current obligations underneath the World Trade Organisation Revised Agreement on Government Procurement (WTO GPA).

  2. Indiana will actively work in direction of providing the United Kingdom’s suppliers remedy no much less beneficial than that afforded to suppliers from a state not bordering Indiana, together with state degree preferences.

  3. Indiana and the United Kingdom resolve to take care of an open dialogue concerning present and future trade associated initiatives and developments.

  4. The Participants will prioritise and advance alternatives of their authorities procurement processes inside the Working Group framework (outlined beneath in Section 6).

SECTION 5: FORMS OF COOPERATION

Under the framework of this MOU, varieties of cooperation could embrace:

  • organising common economic growth missions and public sector visits
  • finishing up particular tasks, together with know-how and infrastructure demonstration tasks
  • sharing acceptable info and greatest practices concerning insurance policies and packages, in addition to coverage design and capability constructing assist
  • selling cooperative analysis, growth, and deployment tasks in fields akin to power and different know-how between analysis institutes and universities
  • selling proportionate measures to make sure that the integrity and safety of analysis is maintained
  • collectively organising symposia, seminars, workshops, exhibitions, and coaching
  • taking part in different commitments and/or initiatives, together with multilateral consortiums and high-level summits
  • facilitating discussions concerning cooperation and the place acceptable sharing of regulatory greatest practices, together with on innovation and regulation
  • selling participation and assist from municipalities, areas, analysis institutes, universities, and non-governmental organisations, in addition to different organisations
  • some other mutually acceptable varieties of cooperation that contribute to the objectives of this MOU.

SECTION 6: IMPLEMENTATION AND WORKING GROUP

The Participants will, on an everyday foundation, inform and seek the advice of with each other on issues of frequent curiosity that signify alternatives for mutual profit and are according to this MOU.

Towards that finish, inside six months from the signature of this MOU, the Participants collectively resolve to kind a working group (“Working Group”). The Working Group shall be made up of members chosen by every Participant from related Government our bodies and companies. Where acceptable, the Working Group could invite participation of stakeholders outdoors authorities, together with the personal sector, to debate issues pertinent to this MOU.

The Working Group will meet yearly, with the Chair to alternate between Indiana Secretary of Commerce and Her Majesty’s Consul General for Chicago.

The goal of the Working Group is to facilitate the trade of mutually useful info to extend international direct funding, develop and enhance upon current insurance policies and strengthen cultural ties between Indiana and the United Kingdom. To this finish, as half of this Working Group, the Participants could:

  • establish market entry obstacles and taking mutual steps to handle obstacles to trade.
  • take into account issues referring to the interplay between innovation and trade, akin to regulatory approaches that facilitate innovation and cooperation to establish and reply to potential and future disruptions to trade brought on by innovation in items and providers.
  • trade and analyse info pertinent to trade between the Participants, together with economic knowledge.
  • the place acceptable, invite participation of stakeholders in the personal sector and educational neighborhood to debate issues pertinent to the MOU.
  • overview the operation of the MOU.
  • perform some other mutually acceptable varieties of cooperation that contribute to the objectives of this MOU.

The Parties designate the following coordinating authorities to supervise all interactions associated to this MOU and its implementation:

a. For Indiana: the Indiana Economic Development Corporation (IEDC) as the coordinating authority for all state company interactions associated to this MOU

b. For the United Kingdom: the Department of International Trade and the British Consulate General in Chicago.

The above designates may also be tasked with figuring out members for the Working Group.

SECTION 7: TRACKING THE MOU

  1. The Participants resolve to make use of accessible indicators to observe and consider the implementation of this MOU.

  2. The Participants resolve that along with the higher economic cooperation between the Participants ensuing from the MOU, indicators might also be influenced by a number of exterior elements, together with (however not restricted to) international economic efficiency, commodity costs, and foreign money valuations.

SECTION 8: INFORMATION SHARING AND CONFIDENTIALITY

The Participants recognise that to facilitate the aims of this MOU, info could cross between them. The sharing of info underneath this MOU is topic to the following provisions:

a. The Participants could solely use the info for functions which additional the aims of this MOU.

b. The Participants could solely disclose any half of the info to a 3rd social gathering if the Participant wishing to reveal the info seeks and obtains prior written consent from the different Participant, besides in circumstances described beneath in subparagraph (c).

c. In circumstances the place both Participant is legally obliged to reveal any info associated to this MOU underneath relevant laws, by court docket order (or for one more motive) it should inform the different Participant earlier than doing so.

SECTION 9: INTELLECTUAL PROPERTY

Intellectual property rights arising from this MOU shall be attributed and protected in accordance with the Participants’ respective nationwide legal guidelines, except in any other case determined upon by these taking part in the exercise.

SECTION 10: FINAL PROVISIONS

  1. This MOU shouldn’t be legally binding and doesn’t create any authorized, equitable, or monetary rights, obligations, or liabilities for the Participants.

  2. This MOU will come into operation on the date of signature and will proceed in operation till terminated by both Participant. Either Participant could terminate this MOU by offering 45 days’ written discover of its withdrawal to the different Participant.

  3. This MOU could also be modified by means of dialogue in the Working Group, and all amendments or modifications have to be agreed in writing by the Participants.

  4. This MOU doesn’t have an effect on the rights of and obligations of third events or the rights of the Participants to conclude preparations or agreements with respect to any matter described on this MOU.

  5. The Participants are dedicated to appearing in good religion. Any disagreements between the Participants about the interpretation or software of this MOU will solely be settled by session and negotiation between the Participants and not referred to any third social gathering, court docket, or tribunal.

The foregoing file represents the understandings reached between the United Kingdom and Indiana upon the issues referred to therein.

This MOU is signed on Friday 27 May 2022 at the Indiana Global Economic Summit in Indianapolis, Indiana, by:

Eric J. Holcomb
Governor
State of Indiana

Ranil Jayawardena
Minister for International Trade
For the United Kingdom of Great Britain and Northern Ireland

Bradley B. Chambers
Secretary of Commerce
State of Indiana

Alan Gogbashian
Consul General for Chicago
For the United Kingdom of Great Britain and Northern Ireland



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