Commons Sense

Hansard-based summaries and metrics

<-- Back to proposed bills

Trade Update

13 January 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
View on Parliament.uk -->

At a Glance

Issue Summary

The Minister for International Trade is announcing the launch of free trade negotiations between the UK and India.

Action Requested

The Department for International Trade has published more information on these negotiations in House libraries. Negotiations will begin on January 17, 2023, with regular updates to be provided as talks progress.

Key Facts

  • The UK-India FTA would support jobs and businesses in both countries.
  • Bilateral trade is targeted to double by 2030 from over £23 billion in 2019.
  • A deal could boost UK exports to India, increasing total trade by up to £28 billion annually by 2035.
  • Tariffs on Scotch whisky and cars currently stand at 150% and 125%, respectively.
  • Services account for almost half of current exports to India.
  • India aims for a trillion-dollar online economy by 2025, increasing internet access to over 600 million people.
  • UK exporters would benefit from reduced tariffs on wind turbine parts.
  • Negotiations will begin on January 17, 2023.
▸ Assessment & feedback
Summary accuracy