In a Q&A, UKIBC's group chair lists out three areas that need focus - tariff reduction in some sectors, removal of non-tariff barriers on goods, and aligning data protection rules
The government should iron out the issues hindering the signing of Free Trade Agreements (FTAs) with the US and the EU nations: panel
India is in a positive momentum with respect to signing trade deals with the United Kingdom, Australia, Canada, Bangladesh, EU, Gulf Cooperation Council.
India is working towards 'early harvest' agreements with UK, Australia, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Thursday assured the industry that the government will protect its interests in free trade agreements (FTAs)
India has to engage with the rest of the world; will otherwise be shut from global markets
Foreign Secretary Harsh Vardhan Shringla has met his British counterpart Lord Tariq Ahmad and held a comprehensive review of the UK-India cooperation in multilateral fora and on global issues and the implementation of Roadmap 2030, a 10-year plan that was unveiled in May for bilateral partnership on the road to a free trade agreement (FTA). Shringla arrived in London on Friday on a two-day visit. He held meetings with his counterpart Ahmad, Minister of South Asia in the Foreign Office, and Philip Barton, the Permanent Under-Secretary of the Foreign, Commonwealth and Development Office (FCDO) on Friday. "Cordial meetings at FCDO of HE Foreign Secretary @HarshShringla with HE Minister of State Lord Tariq Ahmad & HE Permanent Under-Secretary @PhilipRBarton: a comprehensive review of India-UK agenda, co-op in multilateral fora & on global issues, implementation of RoadMap2030," the Indian High Commission in the UK tweeted. The Roadmap 2030 was adopted at a virtual summit between ..
Here are the best of BS Opinions of the day
Govt and industry must be open to free trade pacts
A deeper integration with east Asian economies could be integral to India's economic recovery in the pandemic
India is also taking forward negotiations with various other countries, including Israel.
U.K. and India want to double trade between their two countries by 2030, up from about 23 billion pounds ($33 billion) in 2019.
Free trade agreement with EU remains a long haul
Experts said reducing tariffs and negotiations could be complex as the markets have changed over the past few years.
Several Indian products will enjoy the benefit of greater market access at concessional duties in Mauritius as the FTA signed between the two countries will come into effect from April 1
Covering limited items of exports between the two nations, the deal could nevertheless help New Delhi enter not both Africa and Europe, without having to sign an FTA with either
India and Bangladesh on Monday decided to move forward expeditiously on a feasibility study for comprehensive free trade agreement to further strengthen economic ties between the two countries.
With European Union and the UK clinching a post-Brexit trade pact, India should now aggressively pursue free trade agreements (FTAs) separately with both the regions, according to experts. Although it is premature to assess the gains for India from the agreement between European Union (EU) and the UK, Indian goods would not get much benefit from this pact, they said. However, India can explore opportunities in service sectors like IT, architecture, research and development and engineering in both the markets as the EU-UK pact does not cover services, they added. "There is not much gain for Indian goods, but we can gain in services sector in both the UK and EU markets. We will gain more in the UK market as we are English speaking country," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said. He said there are no specific customs duty benefits for domestic goods from this agreement. "Now we should push the FTA negotiations with both the EU and the UK. .
'I must express my dismay over the speech by foreign minister... when he railed against trade agreements and praised the virtues of protectionism,' Chidambaram says
In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more