Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if he will make an estimate of the number of (a) businesses and (b) people in Woking that will benefit from the UK-India Free Trade Agreement.
This comprehensive agreement is estimated to increase bilateral trade by £25.5 billion, increase UK GDP by £4.8 billion and boost wages by £2.2 billion each and every year in the long run. This deal will unlock new opportunities for businesses and consumers in every corner of the UK. The South-East's world-leading medical technology industry, will benefit from Indian liberalisation of medical device tariffs, allowing them to tap into India's vast and rapidly growing market.
We will set out further information on the regional impacts of this agreement in our Impact Assessment.