India has protected the interest of its generic pharma industry by keeping out data exclusivity provisions from the Free Trade Agreement (FTA) with the UK. This is the second FTA in recent times where data exclusivity is not part of the trade agreement. The UK was pushing for inclusion of Data Exclusivity provisions in the…
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…
India–UK Free Trade Deal: After 14 rounds of negotiations, India and the UK have signed a landmark FTA. From zero-duty exports for apparel and leather to quota-based UK entries for premium cars and whisky, this deal is projected to double trade to $120 billion by 2030. Indian workers also win with social security relief in…
Shares of several Indian liquor manufacturers fell up to 5% on Wednesday after India and the United Kingdom finalised a wide-ranging Free Trade Agreement (FTA) that includes steep cuts in import duties on Scotch whisky and gin — a move seen as a threat to domestic players. Som Distilleries & Breweries led the declines, falling…
New Delhi: Consumers of premium cars and SUVs are likely to benefit from the India-UK FTA with New Delhi set to cut import duties on a specified volume of vehicles.As per a statement issued by the UK government, high-end cars made in the country “will benefit from a drop (in import duties) from over 100%…
Commerce and industry minister Piyush Goyal may travel to London again later this week before he returns to India from the ongoing three-nation foreign tour, to iron out a few irritants in the free trade agreement (FTA) with the UK, according to sources. The minister might formally declare the much-delayed pact ready for signing along…
NEW DELHI: Union finance minister Nirmala Sitharaman and United Kingdom chancellor of exchequer Rachel Reeves on Wednesday reiterated the commitment of the two governments to strengthen ties between the two nations and said, both sides are “continuing negotiations at pace” towards a “mutually beneficial” free trade agreement (FTA) and bilateral investment treaty. India’s finance minister…