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11
February 2019
 |
Brexit (The
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Trade relations between
India and the UK is not likely to be affected after Brexit, British trade
commissioner to South Asia Crispin Simon has said.
"Bilateral trade between Britain and India stands at USD 25 billion. India is an important trading partner and after Brexit, it is not to be affected", Simon told.
Britain had been allowed to establish new trading arrangements outside the EU following Brexit, he said.
The bilateral trade between Britain and India was growing at 17 per cent per annum, he said, adding "there is a nice momentum". Though the balance of trade was in favour of Britain, the "new trade deal will have a positive effect".
"Bilateral trade between Britain and India stands at USD 25 billion. India is an important trading partner and after Brexit, it is not to be affected", Simon told.
Britain had been allowed to establish new trading arrangements outside the EU following Brexit, he said.
The bilateral trade between Britain and India was growing at 17 per cent per annum, he said, adding "there is a nice momentum". Though the balance of trade was in favour of Britain, the "new trade deal will have a positive effect".
The sectoral areas of bilateral trade between
the two countries are technology, finance and renewable energy for which green
finance was available, he said.
Imports to India was USD 13 billion, while
exports from India was USD 12 billion, he said. "There is demand for green
finance in India", Simon said. The
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