UK-India trade deal could give Wales £80m boost

UK Government says businesses and workers in Wales are set to benefit from the UK's trade deal with India, as new analysis shows the landmark agreement will deliver a £80m boost to the local economy as part of the Plan for Change.

- By OWEN HUGHES Business Correspondent

They added that it was great news for farmers with Welsh lamb able to enter the Indian market duty free from day one, eliminating a tariff of 33%.

Last year 256 Welsh businesses exported goods worth £226 million to India - this could grow even more thanks to lower tariffs, fewer barriers to trade and easier customs. Aligned with the UK's recent Industrial and Trade Strategies, the deal will support the sectors which drive the most growth for the economy.

The government said a thriving clean energy sector in Wales employing over 15,000 people and generating around £3.3 billion in revenue will benefit from lower tariffs and unprecedented access to India's public procurement market.

And the creative sector in Wales will benefit from increased copyright protections.