Cameron uses trade with India as a case for UK to stay in EU

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Press Trust of India London
Last Updated : Feb 22 2016 | 11:22 PM IST
Prime Minister David Cameron today used trade deals between the European Union (EU) and India as part of his case to convince the British Parliament against so-called "Brexit" from the EU, a referendum for which will be held on June 23.
Cameron, who secured a deal on EU reforms at a summit in Brussels last week, asked lawmakers to favour to stay within the EU to prevent the UK losing its "negotiating muscle" in future trade and investment deals in the event of an exit from the 28-nation bloc.
"We have secured commitments to complete trade and investment agreements with the fastest growing and most dynamic economies around the world, including the USA, Japan and China as well as our Commonwealth allies India, New Zealand and Australia," Cameron told the House of Commons in his speech to officially table June 23 as the date of the in-out referendum in Parliament.
"These deals could add billions of pounds and thousands of jobs to our economy every year... As a result of the negotiating muscle that comes with being part of the world's largest trading bloc.
"Country after country have said to me that of course they could sign trade deals with Britain but they also said that their priorities will be trade deals with EU," he said.
Cameron's speech can be seen as an indirect reference to a long-pending Free Trade Agreement (FTA) being negotiated between India and the EU.

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He sought to warn Eurosceptics that the UK's exit would be a "recipe for uncertainty and disaster" for such trade pacts.
"By their very nature, these EU deals would be bigger and better and a deal with Britain would not even be possible until we have settled our position outside the EU, which means years and years of delay," he warned.
The lines have now been drawn between the 'Leave' and 'Remain' camps for the referendum, with as many as 100 MPs of his own Conservative party saying they would back 'Leave' including his Indian Diaspora champion Priti Patel.
The poster boy for the 'Leave' campaign has now emerged as Mayor of London Boris Johnson, seen as a potential successor to Cameron and future prime minister, whose announcement yesterday came as a big blow to the PM.
In his Commons statement today, Cameron stressed that the new deal he had negotiated with the EU would give the UK a "special status" within the EU and ensure it never becomes part of a European super-state.
It is the first time lawmakers have had the chance to question Cameron since Friday's agreement ahead of the referendum in four months' time.

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First Published: Feb 22 2016 | 11:22 PM IST

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