Following Brexit, Britain is expected to reach a MASSIVE trade agreement with India this year.


Britain is expected to reach a MASSIVE trade agreement with India this year as a result of Brexit.

In what Anne-Marie Trevelyan predicted last night would be a “five-star year for UK trade,” Britain will try to sign a major trade deal with India by Christmas.

This week, the International Trade Secretary will travel to New Delhi to begin serious negotiations on a free trade agreement between the United Kingdom and India.

The stakes are extremely high.

With a population larger than the United States and the European Union combined, and an economy on track to become the world’s third largest by 2050, it’s no surprise that the Department of International Trade has set its sights on India’s quarter-billion middle-class consumers.

“There is no hard deadline as such,” a source said last night, “but we are eager to negotiate this deal as quickly as possible, with the goal of bringing it home by the end of the year.”

Before the UK-India Enhanced Trade Partnership was signed last year, trade in goods and services between the two countries was already worth £23.3 billion.

Ms Trevelyan and her counterpart Piyush Goyal will co-host the 15th UK-India Joint Economic and Trade Committee (JETCO) during their two-day visit, and will discuss a variety of issues, including green trade and the removal of market access barriers.

Over the last two decades, Britain has outspent France and Germany combined to become India’s largest Western investor, investing more than £21 billion in the subcontinent.

Last year, the 1.5 million-strong Indian diaspora in the UK combined with Indian parent-owned businesses generated around £85 billion in revenue.

Ms Trevelyan, a former defence minister, will also participate in a defence industry roundtable with Defence Secretary Dr. Ajay Kumar to promote future UK-India defense cooperation.

More than 30 UK defence companies attend Defexpo, India’s largest defense trade show, on a regular basis, resulting in projects such as a government-to-government agreement to jointly develop a new jet engine.

However, the partnership goes beyond commerce.

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Deepak Bagla, managing director and CEO of Invest India, the country’s “National Investment Promotion and Facilitation Agency,” spoke of deep historical ties between the two countries in 2020, saying, “For India, the United Kingdom is our closest relationship and partnership.”

Calcutta, after New York and London, was the world’s third city to receive electricity in 1897.

“This is the United Kingdom.”

“Brinkwire News in Condensed Form.”


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