Submitting member has a registered interest.
That the Parliament welcomes the announcement of a free trade agreement between India and the UK; understands that, once ratified, the move will result in the halving of the current 150% tariff on Scotch whisky to 75%, and then a staged reduction down to 40% over the next 10 years; notes reports that the deal has the potential to increase Scotch whisky exports to India by £1 billion over the next five years, and create 1,200 jobs across the UK; believes that the deal is good for India too, boosting federal and state revenue by over £3 billion annually, and wishes all those involved in the Scotch whisky industry all the best for the future.
Supported by:
Jeremy Balfour, Miles Briggs, Meghan Gallacher, Dr Pam Gosal MBE, Liam Kerr, Edward Mountain, Douglas Ross, Alexander Stewart, Paul Sweeney