Climate change is another global problem that demands a strong and urgent international response. While developed nations need to lead the way in taking action, it is important that we all recognise the economic impact of this global issue as set out so clearly in the Stern Report. But the impacts of climate change are diverse and complex. For example, it can also have profound implications for regional and global security. We have a strong working relationship with India in this important area.

The one thing I have not yet mentioned is our bilateral relationship. Over one million people travel between our two countries each year, and the British Indian community, also over one million, is one of the UK’s most successful. Our business links are getting stronger too. The UK is one of India’s biggest economic partners, receiving 60 per cent of India’s European investment, and India is now one of the biggest investors in the UK. It isn’t a surprise any more when we read about recent deals such as Vodaphone’s in India, or Tata’s in the UK. Above all, the people of both countries are bound by our shared values of democracy and justice.

There are enormous opportunities to be had from working together. The issues that we face as global partners are not always easy, but we will continue to take the challenge and drive towards bigger economic benefits for the people of both our countries, and an end to the global difficulties that face us all.

... contd.