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Bloomberg Quint
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UK Flags New Indian Market For Scottish Salmon Trade After FTA
- The UK government is highlighting the benefits of the India-UK FTA, emphasizing the sectors set to gain from trade pacts with the US and EU.
- A new market for Scottish salmon has been opened in India post the FTA, with tariffs reduced to 0% from 33%.
- Prime Minister Keir Starmer mentioned that these trade deals will offer long-term security and economic growth for Scotland.
- The FTA aims to create opportunities for seamless trade, attract investments, and enhance living standards in Scotland.
- Scottish salmon, highlighted as a key produce, will benefit from the FTA unlocking new market opportunities, according to Downing Street.
- The UK-India FTA will significantly lower tariffs on Scotch whisky exports to India, benefiting the whisky industry.
- Jonathan Reynolds stated that the UK's recent trade deals with the US, India, and EU show the government's commitment to supporting businesses.
- The FTA is expected to boost various industries including whisky, soft drinks, and food, enhancing Scotland's export economy.
- Goa-based whisky producer John Distillers welcomed the FTA as a step towards strengthening bilateral trade between India and the UK.
- The FTA is seen as a move towards fair competition, with Indian products aiming to maintain competitiveness in both markets.
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