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PM Starmer wants to as soon as 'humanly possible'
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PM encourages hundreds on trade mission to utilise deal
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Business group: growth push welcome, warns on tax
(Updates with comments to the business leaders, business group
paragraphs 1, 6-7, 10-11)
By Alistair Smout
MUMBAI, Oct 8 (Reuters) - British Prime Minister Keir
Starmer said he wanted a trade deal with India to be implemented
as soon as "humanly possible" as he began a two-day visit on
Wednesday, joined by more than a hundred leaders from the
business, culture and university sectors.
Britain and India signed a free trade agreement in July
during a visit by Indian Prime Minister Narendra Modi, sealing a
deal to cut tariffs on goods from textiles to whisky and cars,
and allow more market access for businesses.
Talks on the trade pact were concluded in May after three
years of stop-start negotiations, with both sides hastening
efforts to clinch a deal in the shadow of tariff turmoil
unleashed by U.S. President Donald Trump.
The deal between the world's fifth- and sixth-largest
economies aims to increase bilateral trade by a further 25.5
billion pounds ($34 billion) by 2040.
But the government has said that the projections were a
floor, not a ceiling, to the ambition of the deal, and the visit
with executives from the likes of oil major BP, engine
maker Rolls-Royce, telecom firm BT, was aimed at
maximising Britain's biggest post-Brexit trade deal.
"It provides huge opportunities," Starmer told the delegates
of the trade mission on arrival in Mumbai, adding he had asked
his team to implement the deal as "quickly as humanly possible."
"I think the opportunities are already opening up... Our job
is to make it easier for you to seize the opportunities."
Starmer will hold bilateral talks with Modi on Thursday.
Both sides have said they are looking to ratify the deal and
bring it into effect within the next year.
Growth is one of Starmer's key priorities as he tries to
reverse his Labour party's slide in the polls, with a November
fiscal budget expected to show a tricky fiscal picture.
Shevaun Haviland, Director General of the British Chambers
of Commerce business group, said that Starmer should avoid
taxing businesses again at the budget, but also drive growth
through building ties with countries like India and the Gulf,
where trade talks are ongoing.
"We've got partners all over the world, and that should be
our role," she told reporters, adding that Britain could seek
free trade deals while also dealing with fallout from a global
trade war and negotiating to lower U.S. tariffs, saying "I think
that the government is big enough to do both."