The UK Labour Government has negotiated a trade deal with India, the world’s fastest-growing economy.

Where Conservative Governments’ failed, we’ve succeeded in agreeing a deal that boosts British business, supports good jobs, and strengthens our standing in the world. The deal puts UK interests front and centre.

The trade deal is set to boost the UK economy by £4.8 billion and expand trade with India by an impressive £26 billion. What does this mean for us in Cardiff East and across the UK? Put simply, this deal means higher pay, with wages expected to rise by £2 billion a year across the country.

This is a deal that will benefit every corner of the UK, especially Wales. Take North Wales, where our advanced manufacturing sector is primed for global growth. Thanks to this agreement, Welsh innovation and engineering excellence will now find new markets and new opportunities in India’s booming economy. This deal means Welsh businesses producing and exporting more, it means more investment, and better paying jobs.

This agreement puts British values front and centre. It strengthens our economic security at home and reinforces our message that the UK is open for business.

Britain and India share deep historic ties, and this deal breathes new life into that relationship. This is the best deal India has ever signed, and it was delivered by a Labour government determined to lead on the world stage.

We promised change and we promised to turn the page on Tory failure. This Labour Government is fixing the foundations of our economy, rebuilding relationships with our international partners and renewing the UK’s standing in the world.

This is a trade deal that delivers for UK business and workers. And it’s only the beginning – there’s plenty more to come. Watch this space.