Theresa May is persuaded to dance duringv her 2018 trip to South Africa (Image: GETTY)
Commenting, Gaurav Singh, founding partner at venture capitalist firm JPIN VCATS, told Express.co.uk: India is one of the world’s largest economies and presents huge potential as a key partner for trade and investment for the UK. India is a 21st-century powerhouse and creating a strong UK-India trading relationship will help to fuel economic recovery in a post-Brexit, post-Covid UK.
“India and the UK have been working to improve trade and it can really allow the UK to benefit from the immense growth India is about to experience in the coming decade.
UK hasn t sought flexibility in India s data norms in trade, invest pact: Govt tells Parliament indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
A view from Wrexham’s Member of Parliament
Wrexham.com has invited Wrexham & Clwyd South Members of Parliament and Assembly Members to write a monthly article with updates on their work in their respective Parliaments and closer to home – you can find them all here.
Today, Wrexham’s MP Sarah Atherton writes…
The last month has seen a big focus on economic issues, with The Budget announced, trade deals secured, and tariffs reduced with some of our biggest trading partners. My office and I have also spent a lot of time in the last month dealing with issues experienced by local businesses exporting into the European Union, and I would encourage any businesses in Wrexham that are experiencing difficulties to make contact with me so that I can represent you in conversations with the UK Government.
Brexit news: UK negotiators set to break India tradition and secure £23bn superdeal | Politics | News express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
Katherine Tai, the USA s new trade representative (Image: PA)
A report published by the House of Commons Library in November makes the importance of trade links with the US crystal clear.
While the EU as a bloc remains the UK’s largest trading partner, its importance is dwindling year by year.
In 2019, it accounted for 43 percent of UK exports of goods and services and 52 percent of the UK’s imports.
In 1999, the EU’s accounted for 55 percent of the UK’s total trade.
The top 10 UK export markets in 2019 (Image: House of Commons Library)
The report adds: “Looking at individual countries, the US is the UK’s largest trading partner.