Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the UK India Free Trade Agreement on the UK fashion industry.
Helping our world-class fashion industry grow remains a government priority. The FTA will expand consumer choice, reduce costs for UK businesses, and strengthen their competitiveness in India’s fast-growing market.
DBT’s impact assessment, published at signature, noted a small decrease in output growth in clothing and textiles, but the UK and Indian sectors are largely complementary; clothing retailers will benefit from cheaper imports and luxury UK garments like Harris tweed will se tariffs removed. There is a bilateral safeguard mechanism to protect any sector facing injury.
We will continue working closely with industry to monitor and maximise the FTA’s benefits.