Jet-setting Theresa May is to lay the groundwork for our post-Brexit future with trade

Posted in Google Brexit News
at 2016.10.16
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Jet-setting Theresa May is to lay the groundwork for our post-Brexit future with trade

  • PM set for trade mission to India next month amid preparations for Brexit
  • Will hold talks with counterpart Narendra Modi and seal commercial deals
  • Latest stage of a diplomatic blitz since Mrs May entered Downing Street 

James Tapsfield, Political Editor For Mailonline

Theresa May will visit India next month as she lays the foundations for Britain’s future outside the EU.

The Prime Minister is sending a strong signal about the importance she puts on trade with the fast-growing nation by making it the destination of her first trade mission outside Europe. 

She will meet prime minister Narendra Modi for talks and push the interests of British firms from every region of the country. 

Theresa May, pictured on the way to France for a state visit, has undertaken a major diplomatic blitz since entering Downing Street in July

Theresa May, pictured on the way to France for a state visit, has undertaken a major diplomatic blitz since entering Downing Street in July

It is the latest stage of a diplomatic blitz undertaken by Mrs May since entering Downing Street in July. 

The number of foreign trips she has made in her first few weeks dwarfs those undertaken by David Cameron, driven partly by a series of visits for talks with EU counterparts. 

There are around 1.5 million Indians living in Britain, and more than 100,000 people in the country are employed by Indian firms.

A range of commercial deals are expected to be sealed during the trip to help create UK jobs and demonstrate ‘market confidence in the strength of the British economy’ after the Brexit vote.

Mrs May and Mr Modi will launch the India-UK Tech summit, South Asia’s largest technology conference, in New Delhi before a visit to another city.

Ahead of the trip, Mrs May said: ‘As we leave the European Union we have the chance to forge a new global role for the UK – to look beyond our continent and towards the economic and diplomatic opportunities in the wider world.

‘I am determined to capitalise on those opportunities, and as we embark on the trade mission to India we will send the message that the UK will be the most passionate, most consistent, and most convincing advocate for free trade.’

Mrs May will be joined by UK firms such as GeoLang, a Cardiff cyber security business, Torftech, a creative energy business based in the south east, and Telensa, which operates in Cambridge and focuses on smart city solutions.

Mrs May will meet Indian PM Narendra Modi during her visit next month

Mrs May will meet Indian PM Narendra Modi during her visit next month

‘In the past the focus of trade delegations has been big businesses, but I want to take a new approach that recognises the full range of British business,’ the PM said.

‘So this time we will be focussing on small and medium sized businesses – and, importantly, the delegation will include representation from every region of the UK.’

There are approximately 1.5 million people of Indian origin in the UK and the country is Britain’s second largest international job creator – with 7,105 new roles created last year through 140 projects.

Indian companies currently employ more than 100,000 people in the UK, and investments in recent years include £97 million from JLR to create 3,820 jobs, and £84 million from Tata Motors, producing 1,825 jobs.

Mrs May said: ‘I want to create an economy that truly works for everyone – and this new approach to international trade missions will help achieve just that.

‘The relationships between our two countries are strong, and the Indian diaspora plays a vital role in our national life.

‘In my talks with prime minister Modi I want to build on our relationship for the benefit of both our countries, generating jobs and wealth and maintaining cooperation on defence and security.’

International Trade Secretary Liam Fox will join the visit and attend the Joint Economic and Trade Committee, where British and Indian business leaders, innovators and entrepreneurs will discuss how to take the ties between the two countries ‘to the next level’.

Mrs May, seen boarding a flight to New York last month, is trying to forge closer ties outside the EU as we prepare to leave the bloc

Mrs May, seen boarding a flight to New York last month, is trying to forge closer ties outside the EU as we prepare to leave the bloc

 

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Published at Sun, 16 Oct 2016 12:17:21 +0000

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