U.K. aid spending in India is that it ensures that we are able to work with our partners to develop their markets, business and enterprise, to boost labour standards and rights and, ultimately, to boost the incomes of the poorest which, in the long term, boosts demand for British goods and services.
The basis for securing preferential future trade terms with India begins in that recognition of essential equality. Indeed it begins in recognising that India is now an emerging global superpower whose primary interests are regional in South East Asia and who needs a deal with the U.K. less than we need one with her.
The shipping industry plays a fundamental role in boosting global trade and prosperity. Maritime leaders have rightly recognised the need to invest in more energy-efficient vessels and to apply measures like slow-steaming. But to ensure a level playing field, collective action is urgently needed across the sector.