Skip to content
Search

Latest Stories

Submit Guest Post

Johnson signals visa flexibility with India to win trade deal

Johnson signals visa flexibility with India to win trade deal

BRITISH prime minister Boris Johnson indicated he was ready to offer more visas to India in return for this year clinching a free-trade deal that could boost annual bilateral trade by billions of pounds.

Speaking on the plane on his way to the world's second-most populous country, Johnson signalled he was ready to be more accommodating on an issue that could have stalled the talks.

"I have always been in favour of talented people coming to this country," Johnson told reporters. "We are short to the tune of hundreds of thousands of people in our economy and we need to have a progressive approach and we will."

Britain has made getting a trade deal with India one of its post-Brexit priorities as ministers, free from the European Union's common trade policy, look to gear policy towards faster-growing economies around the Indo-Pacific region.

India wants greater opportunities for Indians to live and work in Britain. Any trade deal will likely be contingent on relaxing rules and lowering fees for Indian students and professionals going to the country.

India and former colonial power Britain already share strong trade ties, and more than a million people of Indian origin live in Britain after decades of migration.

Britain wants to tap into the wealth of India's middle classes and their appetite for premium British products such as Scotch whisky.

They also hope that India can become a customer of its green technology and that service trade can also be strengthened.

Britain has said the trade deal could almost double British exports to India, and by 2035 boost total trade by £28 billion per year. Total trade in 2019 was worth £23 billion, according to British statistics.

(Reuters)

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

John Lewis

Peter Ruis is stepping down as John Lewis prepares for its next phase of change

iStock

John Lewis boss Peter Ruis steps down as retailer enters next phase of turnaround

  • Peter Ruis will leave John Lewis on September 6 after nearly three years as managing director.
  • Will Kernan, former boss of River Island and The White Company, will take over in mid-September.
  • The change comes as John Lewis continues an £800 million investment programme across its stores.

John Lewis is changing its boss at a crucial point in its turnaround, with managing director Peter Ruis stepping down in September and former River Island and The White Company chief executive Will Kernan taking over.

Ruis, who returned to John Lewis in January 2024, will leave the business on September 6 to "pursue new projects", according to the John Lewis Partnership. Kernan, currently a non-executive director on the Partnership board, is expected to take over in mid-September, putting him in charge just before the key Christmas trading period.

Keep ReadingShow less