Britain-India inch closer in international trade
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British finance minister Philip Hammond will head a business delegation to India next week in an effort to boost international trade as Britain begins the process of leaving the European Union.
Chancellor of the Exchequer Hammond will be joined by International Trade Minister Mark Garnier and Bank of England governor Mark Carney for the high-level talks in New Delhi and Mumbai.
“As we leave the EU and embark on an exciting new phase of our economic history, looking to boost our trade and investment beyond the borders of Europe and strengthening our relationships with the world's most vibrant economies is more important than ever,” Hammond said in a statement.
Nine months after the shock referendum vote in favour of Britain exiting the European Union, Prime Minister Theresa May on Wednesday formally activated Article 50 of the Lisbon Treaty, starting a two-year countdown for quitting the bloc.
