Trade Negotiations

Tanmanjeet Singh Dhesi Excerpts

Tuesday 6th May 2025 Commons Chamber

[Mr Alexander]

I pay tribute to the right hon. Gentleman’s long-standing interest in matters relating to culture, media and sport and to the creative industries more generally. We are grateful for the expertise and experience that he brings to the House on these issues.

It would be one of the first occasions on which I told Lord Mandelson to do anything in many decades of our working together, but I will ensure that that is duly registered, not only in the record of this House but directly to our distinguished ambassador in Washington. It should also be placed on record that the film sector is a key part of the UK’s world-class creative industries—and we are absolutely committed to ensuring that those sectors continue to thrive and create good jobs—and that the UK has a strong and balanced trading relationship with the United States, worth £315 billion.

I am grateful to the right hon. Gentleman for his challenge to me to reach out directly to Lord Mandelson in respect of what we have read in the newspapers in the last couple of days, and I give him my word that I will ensure that Lord Mandelson is fully aware of the issue.

[Mr Tanmanjeet Singh Dhesi (Slough) (Lab)]

Amid much fanfare as usual, the former Prime Minister, Boris Johnson, announced that he would have a UK-India trade deal signed “by Diwali”—but very cunningly, he never mentioned which Diwali, so we were left waiting for years. Other Conservative Prime Ministers made similarly empty promises, which is why I particularly commend the Minister, the Business and Trade Secretary, their officials and the Labour Government for having finally concluded this free trade agreement. I look forward to this mutually beneficial agreement being formally signed. Can the Minister confirm that this landmark UK-India FTA will increase bilateral trade by £26 billion, increase UK GDP by £4.8 billion, boost wages by £2 billion year in, year out, and lead to many jobs in my Slough constituency and for people across both nations?

[Mr Alexander]

My hon. Friend seems to know my brief better than I do. In all seriousness, it is right to place on record our gratitude to the Prime Minister for his sterling work in getting this deal over the line. I also pay generous tribute to the Business and Trade Secretary, who has done an immense amount of work and whose visit to India in February with Minister Goyal unlocked a number of key issues that had proved to be sticking points for the previous Administration, and to officials at the Department for Business and Trade—both in London and, indeed, in India—who have worked tirelessly to secure this deal.

On its economic significance, I concur with the point that India is a huge and dynamic economy, but it is also right to recognise that we signed the right deal for the United Kingdom. This is the best deal that India has ever agreed to. It is expected to increase bilateral trade by about £25.5 billion and raise UK GDP, but we have managed to secure a deal more timeously than was anticipated and, frankly, we got a better deal than many expected.