The India-UK Free Trade Agreement (FTA) will significantly improve market access and will boost bilateral trade by around USD 34 billion annually, the British government said on Thursday, hours before formalising the landmark deal. The FTA, billed as the UK’s most economically significant bilateral trade deal since leaving the European Union, will be signed in…
NEW DELHI: The India-UK trade deal is due to be signed on Wednesday, but the lead-up to the much-anticipated Comprehensive Economic and Trade Agreement (CETA), cleared by the Cabinet on Monday, has dented the order books of the luxury car industry.The UK is home to luxury car brands such as Land Rover, Jaguar (both owned…
Prime Minister Narendra Modi on Wednesday embarked on a two-nation tour, beginning with an official visit to the United Kingdom from July 23-24, followed by a State Visit to the Maldives from July 25-26. India and UK will sign a free trade agreement (FTA) on Thursday during PM Modi’s UK visit, officials said, with New…
New Delhi: India and the UK are likely to formally sign a Free Trade Agreement (FTA) next week with the final legal review of the pact currently underway. Both nations had reached the agreement in May. India expects 99% of its exports to the UK to have duty-free access. It also expects the FTA to…
NEW DELHI: External affairs minister S Jaishankar on Saturday reiterated India’s stance against terrorism and said that the nation would never equate the perpetrators of Pahalgam terror attack with their victims. He also thanked United Kingdom government for condemning the April 22 attack that killed 26.“We practice a policy of zero tolerance against terrorism and…
The free trade agreement between India and the UK, concluded on May 6, incorporates a mechanism that would allow either party to renegotiate specific clauses if the other offers better terms to a third country through separate bilateral agreements, according to people familiar with the matter. The FTA is projected to increase UK GDP by…
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…