Andrew Bridgen urges the Government to encourage British business to focus more on trade with India rather than China for future trade relationships given its democratic structure and our historical ties.
India: Foreign Direct Investment and Trade
15. What recent discussions she has had with her Indian counterpart on increasing (a) trade with and (b) foreign direct investment from India. (900507)
Mr Speaker, I should also like to associate myself with your comments about our colleague Jo Cox.
Our trading relationship with India was worth over £24 billion last year, and we are already India’s top investment destination in Europe. We have had many discussions and remain determined to create more good jobs and boost wages across Britain. Together, we are bulldozing trade barriers and—from Scotch whisky to Welsh lamb and medical devices—I think we all know that a trade deal will take our relationship even further.
Does the Minister agree that British business should look more towards India than China for future trade relationships given its democratic structure and our historical ties, and what steps are the Government taking to encourage and facilitate that?
The world’s oldest democracy and the world’s biggest are certainly natural partners, and this, alongside our historical ties and thoroughly modern relationship with one of the fastest growing economies in the world, makes India a clear priority trading partner for the United Kingdom. Through the integrated review, we are pursuing deeper engagement with India and other partners across the Indo-Pacific, and I am very keen to continue our work to support those who do so much to champion Anglo-Indian relations.