“Currently around 16,000 UK companies are trading goods with Indian companies, and there is high interest in our Chamber Network to grow that,” William Bain, BCC’s head of trade policy, said in a statement.
“A stronger UK-India relationship also creates huge scope to raise our services exports, which already outperform our sales of goods. This deal will create new opportunities in the transport, travel, creative and business support sectors alongside traditional strengths in finance and professional services,” he added.
“The UK-India FTA marks a historic milestone in the bilateral relationship. Businesses across both countries have long called for an agreement that reduces barriers, enhances market access, and creates a clear framework for long-term, sustainable growth,” said Richard Heald, chair of the UK-India Business Council (UKIBC).
ALCHEMPro News Desk (DS)
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