Joint Statement of Indian Minister for Commerce and Industry Piyush Goyal and UK Secretary of State for International Trade Anne-Marie Trevelyan.
The Republic of India and United Kingdom have formally launched negotiations for a Free Trade Agreement between our two countries.
This announcement has been made by Indian Minister for Commerce and Industry Piyush Goyal and UK Trade Secretary, Anne-Marie Trevelyan, who is in New Delhi for Free Trade Agreement discussions. A India-UK Free Trade Agreement would be a substantial opportunity for both of our economies and a significant moment in the India-UK bilateral relationship.
The South West exports hundreds of millions of pounds worth of goods and services to India each year, particularly in areas like financial services and manufacturing, the latter of which businesses such as Coltraco Ultrasonics in Somerset specialise in An FTA with India could boost these exports, invigorating the region’s economy by up to £254m in the long run.