UK-India Trade Agreement 2021-07-15
2021-07-15
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The question arises in the context of recent work by the Department to establish a new trade relationship with India. The UK seeks to strengthen economic ties and leverage the growing Indian market.
What recent progress her Department has made on negotiating a free trade agreement with India?
I was delighted to devise the enhanced trade partnership concept last year, and after much work across Government, the Prime Minister agreed the ETP with his counterpart on 4 May. Trade with India has averaged around £20 billion over recent years, and with its population bigger than those of the EU and US combined, the scope for growth is great, so I am looking forward to discussing our future trade deal with my new counterpart very soon.
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Assessment & feedback
Specific details on the free trade agreement negotiations and future commitments were not provided
Response accuracy
Q2
Partial Answer
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Context
Building on the previous exchange, the MP highlights specific industries and regions that could benefit from an enhanced trade relationship with India. The focus is on showcasing diverse areas of business growth.
I warmly welcome the work the Minister is doing to secure a trade agreement with the world's fastest growing economy. Does he agree that a trade deal with India will open the door for British goods—whisky from Scotland, fine wines from the vineyards of south Wales and handcrafted gin from Warrington, the best in the world?
I am in absolute agreement with my hon. Friend and I must make a visit to Warrington to sample some of this superb gin. India is projected to be the world's second largest economy by 2037, so the opportunities for British businesses, from financial services to pharmaceuticals, form food and drink to film and music, are huge. This people's Government are determined to make sure that every corner of our country benefits from international trade, securing growth and creating jobs.
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Assessment & feedback
While confirming broad agreement, the Minister did not provide specific commitments or details on how various industries will benefit
Response accuracy