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Business News » India News

British PM to lead trade delegation to India

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British PM to lead trade delegation to India
British Prime Minister, Theresa May at a press conference after the EU summit in Brussels. Image Source: IANS

British Prime Minister Theresa May today announced that she will be leading a trade delegation to India next month, as her government seeks new relationships after Britain leaves the European Union.

"I'll be visiting India in early November and I'm pleased to say that I will be taking a trade delegation with me," May told the House of Commons.

"We'll be focusing on small and medium-sized enterprises to try to ensure that we boost the relationships between smaller and medium-sized businesses here in the UK with the important Indian market."

Individual EU member states cannot hold bilateral talks on free trade deals with non-EU states as long as they remain part of the bloc.

But updating lawmakers on last week's European summit, May's first since taking office following the June vote to leave the bloc, she said there could be "discussions".

"There is a limit to what we can do in terms of entering into a trade arrangement before we've left the European Union, but that doesn't mean we can't scope out negotiations and start to have those discussions and indeed we are doing with a number of countries," she said.

May has said she intends to start formal negotiations on leaving the EU by the end of March, putting Britain on course to exit the bloc -- and potentially the European single market -- by early 2019. (AFP)

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TAGS:
Theresa MayBritish Prime MinisterindiaEconomytradesmall and medium enterprises (MSME)European Union (EU)EU summit
Written By: PTI
Updated: Tue, Oct 25, 2016
08:20 am
PTI
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