Liz truss hails ‘new chapter’ for uk after £23bn trade deal secured

Liz truss hails ‘new chapter’ for uk after £23bn trade deal secured

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UK TRADE MARKETS 'GROWING FASTER THAN EU MARKETS' SAYS TRUSS And one analyst has said the £23billion trade deal which Mrs Truss signed off on during her recent Indian trip will


help power Boris Johnson’s Global Britain vision - as well as helping the UK bounce back from the coronavirus pandemic. Mrs Truss, MP for South West Suffolk, struck a confident tone during a


comment piece from the Sunday Express in which she hailed the Enhanced Trade Partnership (ETP) as a “new chapter in the UK’s national story”. RELATED ARTICLES She explained: “We are seeing


the strength of our partnership – built on our common values - in our steadfast support for each other in the fight against coronavirus. “Living up to its reputation as the 'pharmacy of


the world', India has kept supplies of critical medicines and medical-grade PPE flowing to the UK. “Meanwhile, the Serum Institute – which I visited on Monday – is set to produce over


a billion doses of our life-saving Oxford vaccine." Liz Truss and Narendra Modi (Image: GETTY) Liz Truss is the International Trade Secretary (Image: GETTY) She said: “There are few


markets around the world that offer greater potential than India. “This huge market of 1.4 billion people is already emerging as the world’s fastest-growing major economy and is expected to


become the second biggest in the world by 2050, making it a crucial long-term trading partner. “Securing new opportunities will help our businesses grow by investing in their staff and


commercial future, whether it is Twinings selling tea to India, Brompton selling its bicycles, or the Dunstable bakery exporting their naan bread.” JUST IN: BREXIT NEWS - MPS SPEARHEAD


FIGHTBACK AFTER EU BID TO SHACKLE CITY Liz Truss's tweet yesterday (Image: GETTY) RELATED ARTICLES The close relationship between the UK and India was already paying dividends, Mrs


Truss stressed. For example, the Indian multinational tech firm, Tata Consultancy Services, has announced 1,500 new jobs across the UK. Mrs Truss added: “The Indian pharmaceutical giant


Wockhardt has extended its contract in Wrexham, showing its long-term commitment to providing jobs in North Wales as more vaccines roll off its plant’s production line. DON'T MISS India


v Pakistan war is more likely than India China - expert warns [WARNING] China v India: Donald Trump makes fresh offer to forge peace [ANALYSIS] Why nuclear-armed Pakistan 'poses bigger


threat to India than China' [INSIGHT] Boris Johnson was forced to cancel his India trip in January (Image: GETTY) Foreign Secretary Dominic Raab (Image: GETTY) “I am proud to be


pushing on with our Enhanced Trade Partnership, which will secure more high-quality jobs as we work towards a full free trade agreement.” Her optimism was backed up by Nayan Gala, Founding


Partner at venture capitalist firm JPIN VCATS. He said: "It's great to see that the UK and Indian governments have agreed to an enhanced trade partnership. Boris Johnson on Brexit


(Image: Express) “India is a 21st-century powerhouse the UK-India trading relationship is already worth almost £24 billion, with 383 Indian companies in the UK employing more than 82,000


people. “The ETP will help to fuel economic recovery in a post-Brexit, post-Covid UK and really allow the UK to benefit from the immense growth India is about to experience in the coming


decade. “A free trade deal with India could be as high as £50-100 billion and will open the door to 1.3 billion potential customers for UK businesses, and provide opportunities for business


improvement, consolidation, foreign expansion and diversification in a rapidly growing market.” Brexit timeline (Image: Express) Boris Johnson had been scheduled to visit India in January to


meet President Narendra Modi, but his trip was postponed as a result of the pandemic. Foreign Secretary Dominic Raab visited in December for talks with counterpart Subrahmanyam Jaishankar.


Afterwards, he said: “What I think we recognise is the possibilities of a deeper trading relationship. “The contours of our economies would allow that and we, certainly, as foreign ministers


see a very powerful strategic case.”