The sixth round of negotiations under the current Tory government has recently commenced.
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The big picture: In September, Canada alleged that India's government was involved in the shooting of Sikh separatist Hardeep Singh Nijjar, a Canadian citizen.
The U.S. and the United Kingdom expressed their concerns and said the allegations must be thoroughly investigated, but the countries did not publicly back Canada's findings, which India vehemently denied.
https://www.axios.com/2023/11/29/india-assassination-plot-new-york-us-citizen
India hopes to conclude FTA talks with UK by January, govt source says
The deal aims at going beyond the existing $20 billion worth of bilateral trade. For India, a trade deal with UK is very important because it would like to increase its exportations. At the same time, the UK, which wants to have more opportunities after leaving EU, will get more accesses to whisky, the luxury cars and the legal services etc.
There may be a lot of benefits from the FTA between the UK and India as it could work out well for both countries. The UK government lists the following as the main advantages of an FTA with India:
UK consumers would consume more varied and valuable products as they would have low trade barrier while UK exporters would enjoy simpler and reduced trade cost.
more opportunities of investment and service in UK with a view to assisting the British consumers and their enterprises
for the sake of promoting business and innovation in the modern era, which will ensure that the two countries remain competitive in the global trade arena.
Creation of more jobs for British citizens will enhance the growth of economy in the country.
creating opportunities for small and Medium Enterprises as well as companies in United Kingdom.
Reference:
The deal aims at going beyond the existing $20 billion worth of bilateral trade. For India, a trade deal with UK is very important because it would like to increase its exportations. At the same time, the UK, which wants to have more opportunities after leaving EU, will get more accesses to whisky, the luxury cars and the legal services.
There may be a lot of benefits from the FTA between the UK and India as it could work out well for both countries. The UK government lists the following as the main advantages of an FTA with India:
UK consumers would consume more varied and valuable products as they would have low trade barrier while UK exporters would enjoy simpler and reduced trade cost.
more opportunities of investment and service in UK with a view to assisting the British consumers and their enterprises
for the sake of promoting business and innovation in the modern era, which will ensure that the two countries remain competitive in the global trade arena.
Creation of more jobs for British citizens will enhance the growth of economy in the country.
creating opportunities for small and Medium Enterprises as well as companies in United Kingdom.
Refrence:
Beyond the present $20 billion in bilateral commerce, the deal aspires to increase trade. India views a trade agreement with the UK as critical as they wants to increase its exports, while the UK, eager to increase trade prospects following its exit from the EU, would gain more access for its whisky, luxury vehicles, and legal services.
A free trade agreement (FTA) between the UK and India has several possible advantages that might be advantageous to both nations. The UK government lists the following as the main advantages of an FTA with India:
lowered trade barriers would improve variety and value for UK consumers while simplifying and lowering trade costs for UK exporters.
greater prospects for investment and services in the UK, which would help consumers and companies there.
promoting commerce and innovation in the digital age, since this will keep both nations competitive in the world market.
More jobs for UK citizens would support economic growth in the country.
generating chances for small and medium-sized businesses as well as other firms in the UK.
Beyond the present $20 billion in bilateral commerce, the deal aspires to increase trade. India views a trade agreement with the UK as critical as they wants to increase its exports, while the UK, eager to increase trade prospects following its exit from the EU, would gain more access for its whisky, luxury vehicles, and legal services.
A free trade agreement (FTA) between the UK and India has several possible advantages that might be advantageous to both nations. The UK government lists the following as the main advantages of an FTA with India:
lowered trade barriers would improve variety and value for UK consumers while simplifying and lowering trade costs for UK exporters.
greater prospects for investment and services in the UK, which would help consumers and companies there.
promoting commerce and innovation in the digital age, since this will keep both nations competitive in the world market.
More jobs for UK citizens would support economic growth in the country.
generating chances for small and medium-sized businesses as well as other firms in the UK.
