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Brexit: No rush to bad trade deal with India, business chief warns government

The UK's top businesses urged the government to rush into a bad trade deal withIndiaand self-impose to get it "completed by Diwali." I warned you not to meet the deadline.

Boris Johnson told negotiators ahead of the annual India Festival on 24 October thatpost-Brexitfreedom I visited India in the spring to urge a trade deal to be finalized.

However, her group of 11 organizations representing the technology, manufacturing and service industries wrote to the Secretary of Commerce Anne-Marie Trevelyan to declare that "substances" urged her not to compromise about Meet the timetable.

"For UK businesses it is not the speed of negotiations that matters, but the substance of the deal," they said in a joint open letter to ministers.

"We appreciate the efforts of the negotiators on both sides who are working tirelessly, but we need to clarify the content before the deadline," they added.

TechUK, British Pharmaceutical Industry Association, Chemical Industry Association and City of London Corporation were among the signatories.

Trevelyan and her team said, "We need to maintain a commercially meaningful inclusive deal, even if it means Diwali's voluntary deadline is not met." Stated.

At the end of the fifth round of negotiations this week, a joint UK-India statement said negotiators were working "intensively" to reach an agreement by her end of October 2022. said. India's Industry Minister Piyush Goyal said the negotiations will move at a "faster pace".

Trevelyan said in April that she did not think India would hesitate to accuse Russia of aggression in Ukraine in pursuing a post-Brexit trade deal. 

When asked about India's neutrality, she told parliamentarians:

The Ministry of International Trade said it would not "sacrifice quality for speed" in its negotiations with Delhi.

A DIT spokesperson said:

She "makes it clear that she will not sacrifice quality for speed and will only enter into contracts that serve the UK."