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India-UK trade not to be affected by Brexit: Simon

Press Trust of India  |  Kolkata 

Trade relations between and the UK is not likely to be affected after Brexit, British to has said.

"Bilateral trade between Britain and stands at USD 25 billion. is an important trading partner and after Brexit, it is not to be affected", Simon told

Britain had been allowed to establish new trading arragements outside the EU following Brexit, he said.

The bilateral trade between Britain and India was growing at 17 per cent per annum, he said, adding "there is a nice momentum".

Though the balance of trade was in favour of Britain, the "new trade deal will have a positive effect".

The sectoral areas of bilateral trade between the two countries are technology, and for which green was available, he said.

Imports to India was USD 13 billion, while exports from India was USD 12 billion, he said.

"There is demand for green in India", Simon said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 12:00 IST