India trade deal to boost Welsh economy by £80 million
Welsh lamb is set to enter the Indian market duty-free, eliminating a 33 per cent tariff.
The trade deal aligns with the UK's Industrial and Trade Strategies, supporting key growth sectors.
The Welsh clean energy sector, employing more than 15,000 people, is expected to benefit from lower tariffs.
It will also gain access to India's public procurement market.
The creative sector, too, will enjoy increased copyright protections.
Secretary of state for Wales, Jo Stevens, said: "This is a landmark deal that is set to boost Wales' economy by £80 million annually."
Business and trade secretary Jonathan Reynolds added: "The millions brought to Wales each year from the deal we've signed with India today will be keenly felt across local communities, whether that's higher wages for workers, more choice for shoppers, or increased overseas sales for businesses."
Welsh workers are set to benefit from a £2.2 billion annual UK wage increase, alongside the prospect of lower prices and a greater variety of clothes, shoes and food products.
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