{"id":118010,"date":"2021-07-11T14:14:12","date_gmt":"2021-07-11T14:14:12","guid":{"rendered":"https:\/\/fin2me.com\/?p=118010"},"modified":"2021-07-11T14:14:12","modified_gmt":"2021-07-11T14:14:12","slug":"how-do-you-like-those-apples-uks-deal-with-india-is-already-bearing-fruit-says-truss","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/how-do-you-like-those-apples-uks-deal-with-india-is-already-bearing-fruit-says-truss\/","title":{"rendered":"How do you like those apples? UK\u2019s deal with India is already bearing fruit, says Truss"},"content":{"rendered":"

India: Farmer discusses business boost from trade deal<\/h3>\n

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International Trade Secretary Ms Truss took to Twitter to share a post International Trade Minister Ranil Jayawardena following his visit to Kent-based apple grower AC Goatham yesterday. Mr Jayawardena also tweeted a brief clip or him in conversation with co-owner Ross Goatham.<\/p>\n

Mr Gotham explained: “India is an outlet that we’ve looked at for a number of years but unfortunately we were precluded at the time because of a ban running back to the 70s.<\/p>\n

“With the announcements made the other week of the trade deal, we were pretty much straight on the front foot and I think we’ve had about 20 Indian firms, contact us recently asking, can they buy our apples.”<\/p>\n

Mr Jayawardena said: “The fact that we have taken back control of our trade policy means real benefits for British farmers and for British food growers and for all British industry, frankly.”<\/p>\n

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In response, Ms Truss commented: “Our apples are now on the way to India for the first time in 50 years thanks to the Enhanced Trade Partnership.”<\/p>\n

UK Prime Minister and Indian counterpart Narendra Modi confirmed the ETP, estimated to be worth an additional £1billion to the British economy, on May 4.<\/p>\n

The Government believes more than 6,500 new jobs will be created around the UK as a result.<\/p>\n

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The figure includes a £240million investment by Serum Institute of India in the UK into their vaccine business and a new sales office.<\/p>\n

British businesses have also secured new export deals with India worth more than £446 million, which will drive UK growth and create more than 400 British jobs.<\/p>\n

Hailing the deal, Prime Minister Johnson said: “Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer.<\/p>\n

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“Each and every one of the more than 6,500 jobs we have announced today will help families and communities build back from coronavirus and boost the British and Indian economies.”<\/p>\n

He added: “In the decade ahead, with the help of the new Partnership signed today and a comprehensive Free Trade Agreement, we will double the value of our trading partnership with India and take the relationship between our two countries to new highs.”<\/p>\n

Alex Ellis, High Commissioner to India added: “Trade and investment between the UK and India is already significant, creating jobs and growth in both countries.<\/p>\n

<\/p>\n

“Today our Prime Ministers have set an ambitious target of doubling trade by 2030 and announcing £1 billion of new trade and investment.<\/p>\n

Commenting at the time, Nayan Gala, co-founder of venture capitalist firm JPIN VCATS, suggested Mr Johnson’s announcement could lead to even bigger benefits.<\/p>\n

He explained: He said: “It’s great to see that the UK and Indian governments have agreed to this trade partnership.<\/p>\n

<\/p>\n

“India is a 21st century powerhouse and the UK-India trading relationship is already worth almost £24 billion, with 383 Indian companies in the UK employing more than 82,000 people.”<\/p>\n

Mr Gala added: “The ETP will help to fuel economic recovery in a post-Brexit, post-Covid UK and really allow the UK to benefit from the immense growth India is about to experience in the coming decade.<\/p>\n

“A free trade deal with India could be as high as £50-100 billion and will open the door to 1.3 billion potential customers for UK businesses, and provide opportunities for business improvement, consolidation, foreign expansion and diversification in a rapidly growing market.”<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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