"Upon arrival in Mumbai, Starmer told the trade mission delegates that the deal "provides huge opportunities," adding that he had asked his team to implement the deal as "quickly as humanly possible." "Our job is to make it easier for you to seize the opportunities," Starmer encouraged the businessmen. "On the plane home, I want each of you to tell me what you got out of this trip a deal, a contact.""
"The agreement reduces tariffs on goods ranging from textiles to whiskey and cars, allowing businesses to access more markets. India is one of the world's biggest whisky markets. Tariffs on whisky and gin are to be halved from 150% to 75% before falling to 40% by the tenth year of the deal, New Delhi will also cut tariffs on cars to 10% from over 100% at present."
Keir Starmer began a two-day visit to India leading over 100 business, cultural and university figures on the largest British trade mission ever. He urged delegates to seize opportunities created by the July free trade agreement and asked his team to implement the deal quickly, seeking tangible outcomes such as deals or contacts. The pact, concluded after three years of negotiations and signed during Narendra Modi's London visit, cuts tariffs across textiles, whiskey and cars. Whisky and gin duties will fall substantially over ten years, car tariffs will drop sharply, and 99% of Indian exports to the UK will face zero tariffs, with Britain removing a textile import tariff to benefit India's garment industry.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]