Trade Agreements: India
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the effectiveness of UK-India trade talks in supporting advanced manufacturing.
Answered by Sarah Jones
The UK-India FTA is estimated to increase bilateral trade by £25.5 billion, and UK GDP by £4.8 billion each and every year in the long term.
As part of this agreement, India will cut tariffs on a number of advanced manufacturing goods such as automotives, electrical circuits, high-end optical products, and medical devices.
We will set out further information on the sectoral impacts of this agreement in our Impact Assessment.
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