The activists welcomed confirmation that the British government has signed a new bilateral trade agreement with India, but stressed the need to remove trade barriers with the EU.
Despite Boris Johnson claiming in 2022 that he would have the agreement “concluded by Diwali”, the agreement was sealed by the new government after weeks of intense negotiations.
Although the details are not yet emerging, the government said that the agreement would be “Increase bilateral trade by 25.5 billion pounds sterling, the United Kingdom’s GDP of 4.8 billion pounds sterling and wages of 2.2 billion pounds sterling each year in the long term ”.
While welcoming success, activists have stressed that these suggested results are not far from the advantages of deepening trade links with the EU.
Independent econometric research undertaken by Frontier Economics are planning that the beneficial regulatory alignment with the EU on goods and services could grow up to 2.2% with the greatest impact felt in the midlands and the North.
Naomi Smith, Director General of Best For For Britain who camps for closer UE-UK ties, said, said
“Although welcome, this agreement does not replace the abolition of technical obstacles to trade with our most important and closest market which can provide economic stimulation 20 times and reduce the prices of supermarkets for consumers.
“The government is right to pursue better commercial terms with other nations, but our surveys show that voters expect their priority to get a common sense agreement with the EU.”
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