Newscast The Biggest Trade Deal Since Brexit(cast)
19 snips
May 6, 2025 Dame Jenny Harries, former Chief Executive of the UK Health Security Agency, discusses pandemic preparedness and vaccine hesitancy challenges. Faisal Islam, the BBC's Economics Editor, analyzes the landmark UK-India trade deal, exploring its potential impact on costs and Indian student numbers in the UK. The conversation also delves into how this agreement reflects shifts in economic and political dynamics post-Brexit, wrapping around issues of public health and economic strategy.
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India's Protectionist Economy
- India is a highly protectionist economy imposing very high tariffs on imports.
- The UK-India deal gradually reduces these, enhancing British exports of high-end goods to India.
Trade Deal Brings New Access
- The UK-India trade deal is expected to boost UK exports by £15 billion by 2040.
- The deal offers genuinely new trade access beyond previous EU-related agreements.
Quotas Shape Car Trade
- The deal includes quotas: 22,000 high-end cars exported from UK to India.
- India exports 88,000 mid- to low-range cars to the UK, potentially increasing competition.