Modi-Johnson virtual summit brings £1 bn worth of deals

Britain has finalised £1 billion worth of new trade and investment with India, creating over 6,500 jobs in the UK, to be signed off at a virtual summit between Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. It would also create huge benefits for British services – four out five of India’s fastest growing imports are for services like IP and telecommunications,” Downing Street said. The trade barriers addressed by the ETP include lifting restrictions to enable fruit producers across the UK to export British apples, pears and quince to India for the first time and improved access for medical devices through the acceptance of UK Certificates of Free Sale in India, removing the requirement for additional accreditation of UK medical devices when exporting to the Indian market before they can be sold. It has also been agreed by both sides to work on removing barriers in the Indian legal services sector preventing UK lawyers from practising international and foreign law in India, a step that Downing Street could “significantly increase” U.K. legal services exports and UK legal services imports from India.