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why has the UK relaunched trade talks
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with India business secretary Jonathan
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Reynolds is in New Delhi today for
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relaunched trade talks with India
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negotiations on a free trade deal
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between the two countries picked up
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again this week after going on pause
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ahead of elections in both Nations so
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what's going on and what would a deal
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mean for the UK under the previous
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conservative government a Free Trade
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Agreement or FTA with India was talked
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about as a brexit benefit which would
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see British businesses more easily able
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to trade overseas and Export into the
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growing IND an economy and middleclass
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Market however since 2022 more than a
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dozen rounds of negotiations have taken
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place but no deal has yet been agreed
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key stumbling blocks have included
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tariffs in India on Scotch whiskey and
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pressure on the UK to allow lower fees
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and easier visa rules for Indian
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students and workers in Britain in
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November prime minister kiss Dharma
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announced talks would resume in the new
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year after he met Indian PM Narendra
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Modi at the G20 Summit while the
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business secretary has insisted securing
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a deal is a no-brainer and a top
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priority for the government with the
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South Asian country set to be the
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world's third largest economy by 2028
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India is set to have the highest growth
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rate in the G20 for the next 5 years
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officials said with its middle class
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expected to hit 95 million Strong by
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2035 with a growing market for exports
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What's Happening Now Reynolds is meeting
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with his Indian counterpart Commerce
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Minister PES goyal marking a new phase
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of negotiations between the world's
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fifth and sixth largest economies
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ministers say they are prioritizing
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economic growth at home and bringing
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India into reach for British firms to
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expand on a trade relationship already
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worth 41 billion in both Nations the
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business secretary said growth will be
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the guiding principle in our trade
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negotiations with India and I'm excited
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about the opportunities on offer in this
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vibrant market India has been the UK's
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second biggest foreign direct investor
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by volume for 5 years officials said and
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the talks will kick off with a joint
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visit to delhi's National Crafts Museum
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it comes as investment Minister poppy
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Gustafson is set to visit India's
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Financial capital Mumbai and the tech
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Hub of bangaluru in a bid to attract
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investment to the UK Reynolds and goyal
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will also visit BT's India office in
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gurugram one of the UK's largest
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employers in India with officials
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highlighting that the UK is focused on
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high growth sectors Richard heeld
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chairman of the UK India Business
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Council said the visit reaffirms the
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UK's commitment for a new ambitious
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future focused trade and investment
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relationship with India what do you
2:25
think of the UK restarting trade talks
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with India let us know your thoughts in
2:29
the comments and follow cam for all the
2:31
latest business and trade news