Barry comments on the Chancellor's trade promotion visit to India

Barry Gardiner, Shadow Secretary for International Trade, commenting on The Chancellor’s trade promotion visit to India, said:

“One does not need to be an oracle to read the meaning of India allowing our existing bilateral investment treaty to lapse just before the Chancellor’s visit.

“Nostalgic visions of creating an ‘Empire 2.0’ through trade with the Commonwealth are understandably being treated with derision by modern economic powerhouses like India.

“India will drive a hard bargain in any future trade negotiations to protect its domestic interests. And this government needs the humility to accept that the immigration policies of Theresa May have done enormous damage to any trade and investment dialogue with India. ‘We want your money, but not your people’ in an extremely unattractive opening gambit in any trade negotiation.”

ENDS

Reactions

published this page in News 2017-04-05 13:21:14 +0100

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.