Kemi Badenoch (Image: Getty)
Britain could strike a bumper trade deal with India within weeks, Kemi Badenoch has indicated.
The Business and Trade Secretary said securing a deal with the economic superpower is proving “challenging” but is possible before the country’s general election begins.
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The UK and India have held stop-start talks over a Free Trade Agreement (FTA) for two years.
The mega tie-up could dramatically boost trade between the UK and India which is currently worth ￡36 billion.
India will go to the polls in either April or May once a date has been set.
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Both Rishi Sunak and Indian President Narendra Modi, who is seeking a third term in office, are said to be “keen” to get the deal wrapped up as soon as possible.
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"We can actually sign an agreement before the Indian election. I suspect that that is not necessarily going to be the case because I don't want to use any election as a deadline," Ms Badenoch said at an event at Chatham House in London.
"It is possible that we can sign, but I'm not using it as a deadline."
India, which is set to become the world’s third largest economy, would be the biggest country yet to strike a free trade agreement (FTA) with the UK since it left the EU's trading system in 2021.
Britain hopes the FTA will open up trade in whisky and cars to India as well as services and investment opportunities, while New Delhi wants better access for manufactured goods, services and work visas.
The Prime Minister had hoped to get an agreement in place during the Autumn.
But a lack of progress in opening up Indian markets to British professional services, including law and accountancy firms meant talks stalled.
Issues over tariffs on electric vehicles have also proved to be a stumbling block.
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In a blockbuster few months Ms Badenoch has already signed a major trade deal with Florida while talks with Turkey are also underway.
Britain is also eyeing a major Brexit trade and security deal with Morocco which could open up massive opportunities from the entire African continent.
Last year Britain joined the landmark Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc.
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