Texas Governor, Gov. Greg Abbott signed an agreement with France which will be expected to bring foreign investment to Texas. A statement of intent was signed by Gov. Greg Abbott last week which aims to build strong economic bonds with other powerhouse country – France.
Foreign Investment To Texas Agreement
The agreement also stated that both parties should “explore potential areas of cooperation” for further economic development and job opportunities. There was no monetary involvement for the partnership according to a report from The Center Square.
One Statement of the intent is said anchored to facilitate the expansion of businesses. This is to encourage jobs opportunities for Texans. The new foreign investment to Texas agreement will focus on investment, trade, and business expansion for industries like energy, petrochemicals, and energy transitions.
The document was signed by Governor Greg Abbott with French Minister for Foreign Trade in Paris, France.
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Foreign Investment To Texas With Gov. Abbott
It can be recalled from previous reports that similar partnerships in the past were had also been signed by Gov. Abbot. Earlier in December 2022, the governor had signed partnership with Finland, Netherlands, and Canada.
The Texas Governor have long been seeking partnerships from other countries in terms of investment and development. For the recent trip to Paris, he was accompanied by his wife, Cecilia Abbott where they were had their 5-day development mission to Germany, United Kingdom, and France. Texas Economic development delegation were also present in the five-day mission.