Skip to content
Search

Latest Stories

UK minister lauds British apple exports to India for first time in 50 years

UK minister lauds British apple exports to India for first time in 50 years

UK INTERNATIONAL trade secretary Liz Truss has lauded exports of apples from England to India, for the first time in half a century, as a sign of the UK-India Enhanced Trade Partnership in action.

Truss said on Twitter over the weekend that the exports of the fruits from a farm in south-east England marked a first for the UK-India trade relationship in 50 years. Her post came in response to a tweet by UK parliamentary undersecretary of state (international trade) Ranil Jayawardena who shared details of his visit to the AC Goatham and Son apple firm in Kent.


“Our apples are now on the way to India for the first time in 50 years thanks to the Enhanced Trade Partnership,” Truss said.

The Enhanced Trade Partnership between the two countries, seen as a precursor to a comprehensive Free Trade Agreement (FTA), was agreed by prime minister Boris Johnson and his Indian counterpart Narendra Modi during their virtual meeting in May.

GettyImages 1163945664 FILE PHOTO: Prime minister Boris Johnson and his Indian counterpart Narendra Modi at the G7 Summit in Biarritz, France, on August 25, 2019. (Photo by Jeff J Mitchell - Pool/Getty Images)

The meeting was followed up by the formal signing of the agreement by Truss and Indian commerce and industry minister Piyush Goyal. It sets a target to double UK-India bilateral trade by 2030.

“India is an outlet that we’ve looked at for a number of years but unfortunately we were precluded at the time because of a ban running back to the 70s,” AC Goatham and Son co-owner Ross Goatham told the UK department of trade.

“With the announcements made the other week of the trade deal, we were pretty much straight on the front foot and I think we’ve had about 20 Indian firms contact us recently, asking if they can buy our apples,” he said.

Jayawardena said during his visit to the farm that the move reflected the UK government’s post-Brexit strategy of expanding Britain’s export markets.

'Another barrier brought down'

“The fact that we have taken back control of our trade policy means real benefits for British farmers and for British food growers and for all British industry, frankly. Another barrier brought down. Our apples can be exported to India for the first time in over 50 years,” he said.

The UK government in May launched a 14-week consultation to seek viewpoints of the public and business before formal negotiations on a UK-India FTA start later this year.

London says it wants a deal with New Delhi that will slash barriers to doing business with India’s £2trillion economy and market of more than a billion consumers. This includes doing away with tariffs of up to 150 per cent on whiskey and 125 per cent on British-made cars, among other products.

The UK department of trade said the aim of the FTA with India is also to enable British services firms to operate in the Indian market.

Trade between the UK and India stands at around £23 billion and both countries want to double it under the ‘Roadmap 2030’ – the plan to deepen cooperation between the two nations across a number of key areas.

More For You

Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less