Commenting on the news that the UK-India Free Trade deal has come into effect, Stephanie Betant, HSBC UK’s Head of Global Trade Solutions, said:
“The UK–India trade deal creates new opportunities for British businesses to trade and grow. Greater certainty, simpler rules and lower tariffs will support confident investment, stronger supply chains, jobs and growth across the UK and India.”
“This deal is forecast to increase bilateral trade by £25.5 billion annually, while boosting the UK’s GDP by £4.8 billion. India-UK trade has nearly tripled since 2016 and with this deal the room for growth is massive.
“As a bank with deep roots in both markets, HSBC UK stands ready to support clients as they navigate the opportunities this agreement can unlock.”
Hitendra Dave, CEO, HSBC India added:
“India UK CETA marks a significant moment in the evolution of one of the world’s most consequential bilateral relationship and a generational opportunity for businesses.
“More than a trade agreement, it reflects a shared ambition to deepen economic ties, accelerate investment flows and open new avenues for growth between two dynamic, globally connected economies. By providing greater certainty, improved market access and a stronger framework for commercial collaboration, CETA can help businesses plan with confidence and scale across borders.
“At HSBC, we’ve been at the heart of India–UK trade and investment for generations. With a strong presence in both markets and deep expertise in international banking, trade finance and investments, we’re well placed to help clients navigate this evolving landscape, manage cross-border complexity and capture the opportunities ahead.”
