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…
New Delhi: Exporters are anticipating a surge in India-UK bilateral trade following the free trade agreement, hoping it would further integrate Indian businesses into the global value chain. Labour intensive sectors such as textiles, leather, gems and jewellery, processed food, and pharmaceuticals are seen as the biggest beneficiaries along with IT and business services.“The FTA…
India and the UK on Tuesday clinched a free trade agreement (FTA) that will boost Indian exports of textiles, leather and engineering goods and cut levies on British whisky, automobiles and medical devices, and which Prime Minister Narendra Modi said, would catalyse trade, investment and job creation. India clinches free trade deal with UK The…
Exporters from labour-intensive sectors, including textiles & garments, leather, footwear, farm & processed food and gems and jewellery, will likely reap benefits of the duty breather under the India-UK free trade agreement (FTA), and better diversify their markets amid tariff uncertainties in the US, experts said on Tuesday.According to the commerce ministry, India will gain…
PM Modi and Keir Starmer (File photos) NEW DELHI: In a significant boost to bilateral relations, India and the United Kingdom have successfully concluded a Free Trade Agreement (FTA) and a Double Contribution Convention, marking a significant milestone in their strategic partnership.The announcement was made by Prime Minister Narendra Modi following a conversation with his…
New Delhi: India and the UK are engaged in intensive negotiations in London to resolve remaining technical hurdles related to investment and market access before concluding the long-awaited bilateral free trade agreement (FTA), people close to the discussions said. Commerce minister Piyush Goyal’s ongoing European visit has heightened expectations for a breakthrough, with both nations…
India and the United Kingdom have finalised most elements of the free trade agreement, with talks on the contentious bilateral investment treaty also initiated, a senior govt official said on Saturday. “While nothing is agreed till everything is agreed, we are very close to finalising the agreement,” the official said, days after Union finance minister…