Crispin Simon, British trade commissioner to South Asia, has said that the trade relations between India and the UK are not likely to be affected after Brexit.
Speaking to media in Kolkata, Simon told PTI “Bilateral trade between Britain and India stands at USD 25 billion. India is an important trading partner and after Brexit, it is not to be affected”.
Simon said Britain had been allowed to establish new trading arrangements outside the EU following Brexit.
Though the balance of trade was in favour of Britain, he said the bilateral trade between Britain and India was growing at 17 per cent per annum. “There is a nice momentum and the new trade deal will have a positive effect,” Simon added.
Bilateral trades between the two countries are technology, finance and renewable energy for which green finance was available. Imports to India were USD 13 billion, while exports from India were USD 12 billion, he said.
“There is demand for green finance in India”, Simon said.