Brexit: UK has put itself in a strong position says Tim Groser
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The former International Trade Secretary will use her two-day visit to announce a series of technology and infrastructure deals aimed at boosting trade links and tackling climate change. In New Delhi, Ms Truss is expected to announce a £50million investment to fund green tech infrastructure, £11.5 million for two venture capital funds aimed at supporting the transition to cleaner energy and £500,000 to build a virtual network of UK-Indian labs working to promote net zero targets.
Ms Truss said: “I want the UK and India to step up their partnership in critical areas like technology, investment, security and defence.
“India is the world’s largest democracy, a tech and economic powerhouse and a vital strategic partner for the UK.
“Closer ties – including in areas like tech and infrastructure – will deliver jobs and growth in both countries, boost developing world economies and help us promote our values on the global stage.”
The Foreign Secretary will also hope to push ahead with an interim trade agreement with India.
The UK and India began consultations towards a wider free trade deal in May and it is understood formal discussions could begin next month.
Trade between London and New Delhi was estimated to be worth around £23billion in 2019 and both sides want this doubled by 2030, according to the Department for International Trade.
A source told The Sun: “Closer ties with India are one of the big prizes of Brexit and she’s determined to seize it.”
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Brexit Britain’s staggering trade with EU laid bare – more important to bloc than China
The UK’s enormous trade with the European Union has been completely laid bare, with staggering analysis revealing the bloc’s companies sell nearly a third more goods to the UK than China.
The European Commission regularly puts China – the world’s biggest country with a population of more than 1.4trillion – top of its ‘bestsellers’ table every month.
A report published earlier this month by Brussels stated the European Union, US and China together accounted for nearly half (45 percent) of both imports and exports of goods globally in 2020.
But bombshell analysis from Facts4U.org looking at the these latest trade figures from last Friday clearly shows Brexit Britain is a significantly larger market for EU goods than China.
Liz Truss ready to strike deals with India
Liz Truss has arrived in India ahead of meeting with officials as she looks to strike deals on technology and infrastructure.
Boris ready to compromise with EU over European court role in deal
Boris Johnson could be prepared to accept a limited role for the European Court of Justice (ECJ) in the Northern Ireland Protocol, Government insiders have claimed, in a desperate bid to unlock a deal with Brussels.
A Government source told The Times: “This is certainly something that we would be interested in looking at.
“It is exactly the kind of compromise that could be acceptable.”
Ireland hopeful a Brexit deal can be reached ‘within weeks’
Ireland’s European Affairs minister hopes a deal between the UK and the EU over post-Brexit rules in Northern Ireland can be finalised in a matter of weeks.
Brexit Minister Lord David Frost remains in talks with his EU counterpart over the implementation of the Northern Ireland Protocol.
Last week, the EU put forward a plan to reduce checks on 80 percent of goods travelling through Northern Ireland, but refused to remove the oversight of the European Court of Justice – a key demand from the UK.
Thomas Byrne, said: “I believe that we have all of the tools at our disposal to have an agreement in relation to Northern Ireland within the coming weeks.”
Truss calls on UK and ‘economic powerhouse’ India to strengthen ties
Liz Truss has called on the UK and India to strengthen ties and has described New Delhi as an “economic powerhouse”.
In a statement ahead of her visit, the Foreign Secretary said: “I want the UK and India and to step-up their partnership in critical areas like technology, investment, security and defence.
“India is the world’s largest democracy, a tech and economic powerhouse and a vital strategic partner for the UK.”
Liz Truss to meet officials in India today
Foreign Secretary Liz Truss will arrive in India today to hold talks with officials in New Delhi.
Ms Truss will meet foreign minister Subrahmanyam Jaishankar and Environment Minister Bhupender Yadav in and announce a $70 million investment to fund green tech infrastructure projects across India.
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