The process of legal scrubbing of the India-UK free trade agreement (FTA) text is progressing at a faster pace, and the pact is expected to be signed by the end of July, an official said on Tuesday. To give an impetus to the process, Commerce Secretary Sunil Barthwal is in London with his official team….
India-UK trade deal: The successful completion of FTA negotiations was confirmed by both nations on May 6. (AI image) Did you know that the India-UK trade deal was sealed during a walk in the park, and over an ice-cream? The Free Trade Agreement (FTA) negotiations between India and the UK reached their conclusion during an…
Prime Minister Narendra Modi on Saturday stressed the need for decisive international action against terrorism and those supporting it in a meeting with UK Foreign Secretary David Lammy, who expressed support for India’s fight against cross-border terrorism. The Prime Minister’s Office said Lammy strongly condemned the Pahalgam terror attack. Modi expressed satisfaction at the successful…
New Delhi: India’s duty cuts on British automobile imports are largely in the premium segment and the Carbon Border Adjustment Mechanism (CBAM) is not part of the bilateral free trade agreement, a UK official said. Under the India-UK FTA, tariffs for a limited quota of vehicles will be lowered to 10% from the current more…
India’s offer to cut import duties for the auto sector from the UK under the new FTA is “very nuanced” including relaxations and quotas linked to engine capacity and the price of vehicles, a government official said. The free trade agreement (FTA), which was concluded on May 6, aimed to lower tariffs on 99 per…
Mumbai: Stung by an abrupt slowdown in sales in the Indian market since the India-UK free trade agreement, top Jaguar Land Rover (JLR) executives met at Bombay House on Monday to discuss the developments, a day prior to the company’s quarterly results, people familiar with the matter said. Dealers say while luxury car buyers are…
As India and the United Kingdom successfully conclude their Free Trade Agreement (FTA), it has to be ensured that goods traded between the two nations have sufficient local content to prevent Chinese goods from entering markets through the backdoor, according to a report by Canara Bank.The report highlighted the need for strict measures to confirm…
President Donald Trump may say “tariffs” are his favourite word, but the rest of the world doesn’t have to agree. With or without America, trade deals continue to be signed: On Tuesday, India finalized a pact with the UK after three years of negotiations.This agreement clearly reflects the importance of political momentum and compromise. Indian…
The Indian textile industry has welcomed the India-UK Free Trade Agreement (FTA), recognizing it as a significant step towards increasing India’s presence in the UK market. Industry leaders believe this agreement will unlock new opportunities for exporters, boosting trade, employment, and global competitiveness.Santosh Katariya, President of the Clothing Manufacturers Association of India (CMAI), highlighted the…
Industry organisations on Tuesday welcomed the India-UK Free Trade Agreement (FTA), asserting it will significantly support Indian exporters aiming to expand their presence in the UK market, particularly in the face of current global economic uncertainties. The agreement aspires to elevate bilateral trade to USD 100 billion by 2030. Experts cited by news agency PTI…