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| Version 1 | Version 2 |
|---|---|
| UK starts post-Brexit trade talks with India | UK starts post-Brexit trade talks with India |
| (about 11 hours later) | |
| Business Secretary Sajid Javid is visiting India for the first trade talks since Britain voted to leave the European Union. | Business Secretary Sajid Javid is visiting India for the first trade talks since Britain voted to leave the European Union. |
| Mr Javid has met Indian government officials in Delhi to discuss how the trading relationship with India might work after Brexit. | |
| After the talks he said he was confident the relationship would get "stronger and stronger". | |
| While in India, Mr Javid has also discussed the future of Tata Steel UK. | |
| He will also visit the US, China, Japan and South Korea in the coming months. | He will also visit the US, China, Japan and South Korea in the coming months. |
| India is the third biggest foreign investor in the UK, according to UK Trade and Investment. | India is the third biggest foreign investor in the UK, according to UK Trade and Investment. |
| Total trade between the two countries was £16.55bn last year, the government body said. | Total trade between the two countries was £16.55bn last year, the government body said. |
| Does Britain have to leave the EU before it makes a trade deal? | Does Britain have to leave the EU before it makes a trade deal? |
| More negotiators | More negotiators |
| To help redraw those trade relationships, the UK government this week announced plans for a new team of up to 300 specialist staff, including trade negotiators, by the end of the year. | To help redraw those trade relationships, the UK government this week announced plans for a new team of up to 300 specialist staff, including trade negotiators, by the end of the year. |
| However, Foreign Secretary Philip Hammond admitted on Thursday the UK would rely on "friendly governments" to help bolster its staff. | However, Foreign Secretary Philip Hammond admitted on Thursday the UK would rely on "friendly governments" to help bolster its staff. |
| "The government will have to acquire additional trade negotiation resources," Mr Hammond told a committee of MPs. | "The government will have to acquire additional trade negotiation resources," Mr Hammond told a committee of MPs. |
| "We will look to friendly governments to assist us, as well as seeking to hire the best resources available on the open market." | "We will look to friendly governments to assist us, as well as seeking to hire the best resources available on the open market." |
| Brexit supporters argue the UK will be able to negotiate better trade deals with fast-growing economies such as India than it currently has as an EU member. | Brexit supporters argue the UK will be able to negotiate better trade deals with fast-growing economies such as India than it currently has as an EU member. |
| Trading partners | Trading partners |
| The EU has trade agreements with 52 countries and it is expected the UK will need to re-negotiate these as part of Brexit. | The EU has trade agreements with 52 countries and it is expected the UK will need to re-negotiate these as part of Brexit. |
| Commonwealth countries accounted for about 10%, or £47.8bn, of UK exports in 2014, whereas about 44%, or £228.9bn, were with the EU. | Commonwealth countries accounted for about 10%, or £47.8bn, of UK exports in 2014, whereas about 44%, or £228.9bn, were with the EU. |
| Indian-owned companies employ about 110,000 people in the UK and grew revenue by £4bn to £26bn last year, according to a report by Grant Thornton. | Indian-owned companies employ about 110,000 people in the UK and grew revenue by £4bn to £26bn last year, according to a report by Grant Thornton. |
| Tata Motors, which owns Jaguar Land Rover, added an extra 4,000 jobs to employ nearly 33,000 people, the report said. | Tata Motors, which owns Jaguar Land Rover, added an extra 4,000 jobs to employ nearly 33,000 people, the report said. |
| Meanwhile, sister business, Tata Global Beverages, which owns Tetley Tea, employs more than 1,000 UK workers. | Meanwhile, sister business, Tata Global Beverages, which owns Tetley Tea, employs more than 1,000 UK workers. |