A 海角视频 trade deal with India could bring a 拢150m boost to the West of England economy, according to the department for business and trade.
Prime Minister Sir Keir Starmer has signed a free trade agreement worth 拢6bn with Indian Prime Minister Narendra Modi.
The near-700 West Country businesses that export to India, in particular aerospace and precision engineering manufacturers, could benefit, the government has said.
Firms in the region currently export nearly 拢600m worth of goods to India.
Helen Godwin, Mayor of the West of England, said: 鈥淔irms here in the West Country have told me that these landmark agreements give them real confidence for future sales."
Under the deal, it will be easier for the 海角视频 and India to buy and sell goods and services to one another, with tariffs lowered by both nations.
India鈥檚 trade-weighted average tariff will drop from 15% to 3%, meaning South West companies selling lamb or gin to India under reduced tariffs will find it easier to access the Indian market, the department for business said. There will also be immediate tariff cuts for unprocessed shellfish from 33% to zero.
Nick Spencer, export and travel retail manager at Southwestern Distillery, which owns Tarquin's Cornish Gin, said: 鈥淭here are tremendous hurdles for 海角视频 spirits producers in terms of entering and succeeding in the Indian market.
"The extremely high-import tariffs are probably the most significant barrier to entry we have experienced anywhere internationally.
鈥淭he free trade agreement is a fabulous step forward. Since its announcement, we have already received significant new interest from Indian importers and the prospect of success in the Indian market now looks much brighter.鈥
The deal will also created some 2,200 jobs in Britain, including in the West of England, as Indian companies look to establish or expand in the 海角视频.
Business and trade secretary Jonathan Reynolds added: 鈥淭he millions brought to the South West each year from the deal we鈥檝e signed with India will be keenly felt across local communities, whether that鈥檚 higher wages for workers, more choice for shoppers, or increased overseas sales for businesses."
