Hammond aims for India FTA as bilateral deal expires

UK Chancellor Phillip Hammond met today with his Indian counterpart Finance Minister Arun Jaitley in Delhi, with the aim of securing finance deals for Brexit Britain.

The meeting comes as a key bilateral deal on investment protection lapsed Friday, according to reports in the FT.

Commentators highlight that the UK will face stumbling blocks to any FTA if India’s desire for more flexible UK visa requirements are not met.

The latest figures show just 1.7 per cent of British exports go to India, compared with 44 per cent to the EU.