Advocate & Chartered Accountant Harsh Girish Patel Honoured to Represent India at UK Parliament’s House of Lords

London [United Kingdom], July 22: In a significant moment at the UK Parliament’s House of Lords, Advocate and Chartered Accountant Harsh Patel, Founder & Global CEO of Water & Shark, represented India at the India–UK SME Leaders Meeting. The high-profile gathering convened Members of Parliament, diplomats, global industry leaders, and policy experts to discuss the practical impact of the India–UK Free Trade Agreement (FTA), signed in May 2025.

Addressing the audience from one of the world’s most esteemed political platforms, Harsh Patel delivered an insightful and forward-looking speech. He emphasized the need to transform the FTA from a diplomatic accord into a dynamic catalyst for entrepreneurship, trust-based trade, and global collaboration.

Empowering Founders Through the FTA

Calling the FTA a “People’s Agreement,” Patel emphasized its potential to empower small businesses and first-time exporters across both nations.

“Let us not view this FTA as an end — but a beginning. A beginning of simplified trade, trusted compliance, and shared prosperity,” he declared.

He stressed that 98% of UK firms exporting to India are SMEs, while India’s 60 million MSMEs contribute nearly 30% of its GDP, making it essential that the FTA enables direct listing for Indian startups on the London Stock Exchange (AIM) and unlocks £38 billion worth of Indian public procurement for UK firms.

From zero tariffs on Indian textiles and gems to reduced duties on UK whisky and vehicles, Patel cited tangible sectoral gains that benefit entrepreneurs on both sides. He urged leaders to see this as more than tariff reduction — to see it as an entrepreneurial bridge.

“We must move beyond the ‘Free Trade Agreement’ and evolve it into a ‘Founder & Trade Agreement’ — because the real engine of economic growth is the entrepreneur,” he added.

Addressing Wealth & Talent Reverse Migration

In a bold segment of his speech, Patel drew attention to a critical shared challenge: the reverse migration of wealth and talent faced by both India and the UK.

“In the UK, a 40% inheritance tax is prompting many international families to relocate capital. In India, regulatory opacity and limited structuring flexibility are doing the same. We are not just seeing capital flight — we are seeing a shift of human capability,” Patel said.

He proposed using the FTA as a foundation for cross-border collaboration in trust law, succession planning, and legacy management, enabling both countries to retain their global citizens through clarity, fairness, and long-term security and paving way for intergenerational succession.

About Harsh Patel

Harsh Patel is a dual-qualified Advocate and Chartered Accountant, and the Founder & Global CEO of Water & Shark, a multinational legal and tax advisory firm. With a presence in the UAE, UK, India, Singapore, and the US, his firm specializes in international tax structuring, cross-border expansion, private wealth advisory, and succession law.

He has previously spoken at the European Parliament, Gulf Economic Forums, and numerous international summits — and is known for bridging legal precision with entrepreneurial vision.

With his appearance at the UK Parliament’s House of Lords, Patel once again reaffirmed his role as a strategic voice for global SMEs, wealth creators, and legal reform advocates, advancing cooperation between two of the world’s most dynamic economies.