Trade Agreements: India

(asked on 28th March 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps her Department is taking to support British companies to make trade agreements with individual Indian states; and if she will make a statement.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 3rd April 2023

Free Trade Agreements (FTAs) are negotiated at country or trade-bloc level. As such we do not have any state-level free trade agreements with India.

The ‘2030 Roadmap’ outlined our aim of doubling trade by 2030, with the intention to negotiate a forward-looking FTA and lowering barriers to trade through an Enhanced Trade Partnership.

The UK and India are committed to working towards the best deal possible for both sides. Progress is good; however, we are clear we will only sign when we have a deal that is fair, balanced, and in the best interests of the economy.

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