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Jonathan Reynolds Backs Northern Trade Mission to India

Jonathan Reynolds Backs Northern Trade Mission to India
Jonathan Reynolds takes Northern England’s biggest trade mission to India · easterneye.biz

A group of nearly 200 people from northern England is going to India from October 12 to 16.

The group includes business, university, sports, tourism and cultural representatives.

Business Secretary Jonathan Reynolds has backed the trip, which is led by mayor Kim McGuinness.

They want to find Indian businesses willing to invest and work with companies in the North.

They also hope more people from India will visit northern England.

Universities and other institutions will look for ways to work together.

The UK-India trade agreement began operating on July 15 and reduces tariffs on many goods.

A government estimate says it could bring about £450 million a year to the northern economy in the long run, but companies still need to find partners and win business.

Key facts

Mission dates
October 12–16
Delegation size
Nearly 200 representatives
Mission chair
Kim McGuinness, North East mayor
Trade agreement
UK-India Comprehensive Economic and Trade Agreement, in force from July 15
Estimated northern economic impact
About £450 million per year in the long run
Regional estimate
£210 million for the North West, £170 million for Yorkshire and the Humber, and £70 million for the North East
Partnerships
Delivered with HSBC, with the UK India Business Council as strategic partner
UK-India trade
About £48 billion a year

Quotes

Kim McGuinness

North East mayor and chair of the Great North trade mission

“We’re not waiting for the benefits to come to us. We’re taking the North’s leading businesses, universities, sports clubs and visitor destinations to India to win investment, open doors for our businesses, bring more visitors to the North and build relationships that can last for generations.”
easterneye.biz
“The North is going to India with ambition, confidence and a simple message: we want to seize every opportunity this new trade deal creates.”
easterneye.biz

Sources

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