Chamber welcomes new £4.8bn UK-India trade deal

East Midlands Chamber has said a new UK-India trade deal will bring ‘significant benefit’ to businesses in the region trading internationally.

Firms that import or export goods are set to gain as the UK’s new trade deal with India, said to be worth £4.8 billion to the UK economy each year, comes into force.

Lucy Granger, the chamber’s head of international trade, said: “India has proved to be a valuable trading partner for East Midlands importers and exporters and with this deal now active, there’s a tremendous opportunity for those that trade internationally to build on that closer relationship.

“Attracting inward investment and easing export conditions can only be a good thing, both for firms that trade overseas and for economic growth, so I very much welcome this deal and would encourage businesses considering trade with India to explore the huge scope presented by this and other markets around the world.

“The British Chambers of Commerce are soon to produce a UK-India Trade Accelerator, which promises to be a highly useful go-to for insight and guidance for those trading with India, while East Midlands Chamber’s International Trade department stands ready to provide expert support for importers and exporters across the region.

“I would urge anyone interested in free trade utilisation to contact the chamber team who can support in understanding what the agreement means, and how to establish rules of origin.”