Liz Truss plots huge trade deal boost – demand will put UK ‘ahead of game’ | World | News

The International Secretary is claimed to be eager to beat the US and EU to safe a bilateral commerce cope with Dehli. Not solely would it not current British enterprise with ample alternative – it could assist to curb Chinese language affect within the booming area.

And with India predicted to grow to be the world’s third-largest economic system by 2050 – it might put rocket boosters on Boris Johnson’s ambition to create a International Britain.

One Authorities supply informed the Instances: “The tech and digital area in India remains to be vastly protectionist and if we might open up even a slither [sic] of entry it could put us forward of the sport.”

The information emerged as Worldwide Commerce Secretary Anne-Marie Trevelyan prepares to journey to Delhi later this month.

Ms Truss – who can also be the Brexit Secretary after Lord Frost stepped down final month – is a giant backer of securing a cope with India.

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An alternative choice could be to chop visa charges for college students and permit them to remain in Britain for a time frame after they graduate.

Hefty visa charges for work and tourism – which might value as much as £1,400 – is also decreased as an enticement.

Presently, India’s £2trillion economic system is protectionist and imposes vital tariffs on imports to guard its home trade.

Opening it up is seen as key to turbocharging development and will the UK be first within the queue it could undoubtedly profit from its already sturdy ties with the nation.

The information emerged shortly after the Prime Minister vowed to “ship on the promise of Brexit” and create new commerce agreements.

A Division for Worldwide Commerce spokesperson stated: “India is projected to grow to be the world’s third-largest economic system by 2050 and a free commerce settlement will open up large alternatives for UK companies to commerce with India’s £2.25tn economic system.

“Firms up and down the nation can stay up for the advantages, from producers within the West Midlands to tech consultants in Belfast, and we stay up for launching negotiations early subsequent yr.”