Speeches by Bryant.

“In terms of that structure—that is as important in order to make the FTA really work—there will be the annual meeting of the joint committee of the two Governments on the FTA, and below that there will be a series of sub-committees on goods, sustainability, SPS, services, standards and technical regulations and conform…”

“What policy, sorry?”

“We will do our level best.”

“In effect, I think this is what you have just said, Chair. There are the two bits of it: first, that India’s tariffs are coming down from 110% to 10%, whereas our tariffs are falling a much smaller amount; and secondly, the value of the cars that we are selling into the Indian market—the value of an individual car—is s…”

“Again, it is not about comparing apples and pears. If the EV quota alone—4,400 cars, rising to 22,000 cars per year—was filled, that would save an estimated £336 million for the UK in tariff payments in year 6, and £1.68 billion—the figure we referred to—in tariff payments from year 15. It is the amount that is saved t…”

“We can. Obviously they are prospected rather than what we think would happen in the future, but yes, I am quite happy to write on these automotive numbers, if that would be helpful.”

“Yes, 98,000. Kate is getting a precise figure.”

“Yes.”

“Up to, yes. Obviously quotas are not necessarily always filled.”

“That is a standard process that happens everywhere in the world with any quota arrangement.”

“Who got it all, which company—yes. As you will have experienced yourself, that is not an easy process either. You might ask exactly the same question about the quota that we have agreed with the United States of America. This is a keenly fought-over debate, which I am afraid is still ongoing, but that is a debate betwe…”

“It is a common bid of ours in other FTAs and in other countries as well, that we want to have access to the higher-end market, because that is where we have an exceptional offer that travels well.”

“It is not my personal decision as to whether JLR gets more of the 37,000 than others. There are arguments in favour of some kind of staging and some kind of allocation within groupings. Kate, did you have any further thoughts during the process?”

“Kate, do you want to go through the pain that was the automotive numbers?”

“As you will know, within the whole of the Department we have a single hub for businesses to be able to access support, and on that they can seek further support in relation to export. It depends a bit on what kind of business it is, but we have a DBT network in India and they would be able to go to it.”

“Do you mean the local barriers in India?”

“I am not sure about the OBR scoring. I cannot answer that, but I am happy to write to you if you want me to.”

“Yes.”

“As I was trying to explain to Mr Reynolds, the number of lines is less relevant than the commercial value of the total package and of the tariff liberalisation within chunks to the UK. Kate made the very important point that those figures of £400 million and £900 million—at entry into force and after 10 years—are presu…”

“—even if we use all the quota, the saving in terms of tariffs across the period would be £5.6 billion saving to the UK.”