"England Strengthens Economic Relations with India"

Trade Mission from the UK to India

According to a statement from the UK Prime Minister's Office, a two-day trade visit is being held to strengthen economic ties and increase investments between the UK and India following the trade agreement signed in July. Prime Minister Starmer has traveled to India with 125 business representatives along with representatives from universities and cultural institutions.

UK's Largest Trade Mission

This delegation is the largest government trade mission ever organized from the UK to India. Prime Minister Starmer stated that this visit would be a truly significant turning point between the two countries, saying, "India is preparing to become the world's third-largest economy by 2028, and there are unprecedented opportunities to be captured here."

Participation of Major Companies

Alongside major companies such as Rolls-Royce, British Telecom, Diageo, bp, HSBC, London Stock Exchange, and British Airways, representatives from many small and medium-sized enterprises are also part of Starmer's delegation. This is considered an important step in the business relationship between the UK and India.

Details of the Trade Agreement

Under the agreement signed in July, it was decided to reduce taxes on the export of essential products such as Scotch whisky, cosmetics, and medical devices from the UK to India. It was reported that significant agreements were reached, particularly in the automotive export sector, to reduce taxes from over 100% to 10% within a specific quota framework and to eliminate tariffs on food products sent from India to the UK.