FTA sealed between India & UK

[crazywithmath]

Yeah can more gyani membraans post the cons for us . IDC about whisky or whatever but are there any engineering goods that they produce that could effect us ... like say car parts. And they do make left hand drive vehicles off the bat .. Can our 2 wheeler / 4 wheeler companies make any inroads ?

Brits produce jack - barring some high end stuffs (jet engines etc) that will anyway continue to be imported.

 

[Nicky]

seems like UK needs this agreement more than India does??

Seems to be the case. From what's out at this moment, I don't see what exactly do we get out of it.

Edit: Good summary:

India-UK multi-billion-pound Free Trade Agreement explained: All you want to know in top 15 points - Times of India

India Business News: India and the UK have finalized a significant free trade agreement. The agreement ensures duty-free access to UK markets for 99% of Indian exports. In

timesofindia.indiatimes.com

Labour government is facing a number of political challenges including immigration, rape gangs etc. This will be a welcome achievement.

 

[sameer]

Seems to be the case. From what's out at this moment, I don't see what exactly do we get out of it.

If someone has a link that enumerates it, please do share.

Our textile/apparel exports to the UK will get 0% or very low tariffs, same as what Lungidesh or pakistan get. Currently, they're tariffed at around ~10%.

 

[Nicky]

Our textile/apparel exports to the UK will get 0% or very low tariffs, same as what Lungidesh or pakistan get. Currently, they're tariffed at around ~10%.

Some more details:

https://www.moneycontrol.com/news/business/india-uk-fta-99-of-indian-exports-set-to-benefit-from-zero-duty-13015042.html

 

[karn]

From a basic reading of things our exports to UAE and Australia have gone up significantly in the just the last 2 years after FTA. I am optimistic about increasing exports to the UK (the fact that the UK is becoming poorer not withstanding)/

 

[vin pahadi (kumauni)]

Now onto Europe and Australia.

we already did free trade deal with Australia in 2022. although its name is economic cooperation nd trade agreement (ECTA).

India-Australia Economic Cooperation and Trade Agreement marks two years of success

The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) completes two years of r

pib.gov.in

 

[ezsasa]

is there any talk on when will UK have a FTA with EU?

 

[vin pahadi (kumauni)]

R we getting 53 trillion dollars nd Kohinoor or not from british looters???

 

[chnvipgz]

we already did free trade deal with Australia in 2022. although its name is economic cooperation nd trade agreement (ECTA).

India-Australia Economic Cooperation and Trade Agreement marks two years of success

The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) completes two years of r

pib.gov.in

Why does india have free trade deal with whom it has trade deficit.

 

[Aditya10r]

Why does india have free trade deal with whom it has trade deficit.

Because their economy is losing competitiveness, and we have a lot more to offer than they have to offer to us.
It might take 5-7 years for the fruit of the FTA to become viable for us to realize, but this is a winning deal for our industries.

 

[Nibbler]

Why does india have free trade deal with whom it has trade deficit.

Australia exports commodities.

Who cares