Another key benefit of Brexit appears to be reducing immigration from the EU and replacing it with immigration from Asia. I’m sure this news will delight Brexiteers everywhere.
UK plans visa deal to tempt India into trade talks
Relaxed immigration rules could allow thousands to move from subcontinent
December 31 2021, 2.40pm
She is backed by Liz Truss, the foreign secretary, who has put securing closer ties with India at the top of the government’s agenda to counter the influence of China. The move sets up a cabinet clash with Priti Patel, the home secretary, who is said to oppose the offer.
One option being looked at is a scheme similar to the one agreed with Australia, which would allow young Indians the chance to come and work in the UK for up to three years. Another option would be to cut visa fees for students and allow them to stay in Britain for a period after they graduate.
There could also be reductions in visa fees for both work and tourism. At present it can cost an Indian citizen up to £1,400 for a work visa, while students pay £348 and tourists £95. For British tourists travelling to India the fee is £110, while a one-year business visa costs £165.
With a GDP of about £2 trillion, India is predicted to become the world’s third largest economy by 2050 but it has always been protectionist, with significant tariffs on imports.
Ministers believe a trade deal with Delhi could be transformational and give British businesses a head start in one of the most lucrative markets in the bv world. India does not have a bilateral trade deal with either the US or the EU.
• No food, no water, no hope at iPhone factory in India
A senior government source said there was an acceptance by ministers that the price of such a deal would be to make a “generous” offer on visas.
On Friday Boris Johnson promised to go “further and faster” on using post-Brexit freedoms to forge new trade agreements and ditch EU regulation. The prime minister said he would “deliver on the promise of Brexit” by boosting global trade and conducting a systematic review of all European law still on the statute books.
India has held out the prospect of agreeing a limited round of tariff cuts on products such as whisky, which attract duties of 150 per cent. However, the UK is said to want to concentrate on a more ambitious deal, including greater access to UK service industries.
One government figure said: “The tech and digital space in India is still hugely protectionist and if we could open up even a slither of access it would put us ahead of the game.”
A Department for International Trade spokesman said: “A free-trade agreement [with India] will open up huge opportunities for UK businesses.”