India-UK trade not to be affected by Brexit: British trade commissioner to South Asia

The British Deputy High Commissioner to India said that the bilateral trade between Britain and India was growing at 17 percent per annum and the momentum will continue after Brexit.

Published: 11th February 2019 03:20 PM  |   Last Updated: 11th February 2019 03:20 PM   |  A+A-

Crispin Simon

British Trade Commissioner to South Asia crispin Simon. (Photo| Facebook/ Kamalika Bose)

By PTI

KOLKATA: 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. Britain had been allowed to establish new trading arrangements outside the EU following Brexit," Simon told PTI.

The bilateral trade between Britain and India was growing at 17 percent 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 adding that there is a demand for green finance in India

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