FTA sealed between India & UK

crazywithmath said:
WIll not abuse Goyal for 6 months now.

@Azaad et al.

:bplease:
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Probably in a year or two we'd know if this was truly some sort of a game changer as it is being portrayed today or merely something which got us incremental benefits.

UK is a dying power . A few more pushes in this decade & the next will ensure they're relegated to a has been backwaters in our lifetimes .

Of course its nuisance power will be immense much like the bastard child it helped birth to our west .
 
What's the deal that India got?
Hope India can do something about that crown council and tell them that for next few decades it's better to listen to India.
 
i suppose we have to wait for industry and experts to give their opinions on this.

pib.gov.in

A historic and ambitious deal to boost jobs, exports and national growth.

Hon’ble Prime Minister of India Shri Narendra Modi and Hon’ble Prime Minister of the United Kin
pib.gov.in

Key Highlights of the India-UK FTA:

  • The FTA with the UK is a modern, comprehensive and landmark agreement which seeks to achieve deep economic integration along with trade liberalisation and tariff concessions.
  • The FTA ensures comprehensive market access for goods, across all sectors, covering all of India’s export interests. India will gain from tariff elimination on about 99% of the tariff lines covering almost 100% of the trade value offering huge opportunities for increase in the bilateral trade between India and the UK.
  • The FTA provides positive impact on manufacturing across labour and technology intensive sectors and opens up export opportunities for sectors such as textiles, marine products, leather, footwear, sports goods and toys, gems and jewellery and other important sectors such as engineering goods, auto parts and engines and organic chemicals. This will substantially improve Indian goods competitiveness in the UK vis-a-vis other countries.
  • The FTA will have significant positive gains for employment in India.
  • India will benefit from one of the most ambitious FTA commitment from the UK in Services such as IT/ITeS, financial services, professional services, other business services and educational services, opening up new opportunities and jobs.
  • The FTA eases mobility for professionals including Contractual Service Suppliers; Business Visitors; Investors; Intra-Corporate Transferees; partners and dependent children of Intra-Corporate Transferees with right to work; and Independent Professionals like yoga instructors, musicians and chefs.
  • Immense opportunities for talented and skilled Indian youth will open up in the UK which is a major global centre for digitally delivered services due to its strong financial and professional services sectors and advanced digital infrastructure.
  • India has secured significant commitments on digitally delivered services for Indian service suppliers, specially in professional services such as architecture and engineering, computer related services and telecommunication services.
  • The exemption for Indian workers who are temporarily in the UK and their employers from paying social security contributions in the UK for a period of three years under the Double Contribution Convention will lead to significant financial gains for the Indian service providers and enhance their competitiveness in the UK market that would create new job opportunities as well as benefit large number of Indians working in the UK.
  • India has ensured that non-tariff barriers are suitably addressed to ensure free flow of goods and services and that they do not create unjustified restrictions to India’s exports.
  • The FTA seeks to promote good regulatory practices and enhance transparency that are in sync with India’s own focus on domestic reforms to enhance the ease of doing business.
 
ezsasa said:
i suppose we have to wait for industry and experts to give their opinions on this.

pib.gov.in

A historic and ambitious deal to boost jobs, exports and national growth.

Hon’ble Prime Minister of India Shri Narendra Modi and Hon’ble Prime Minister of the United Kin
pib.gov.in

Key Highlights of the India-UK FTA:
  • The FTA ensures comprehensive market access for goods, across all sectors, covering all of India’s export interests. India will gain from tariff elimination on about 99% of the tariff lines covering almost 100% of the trade value offering huge opportunities for increase in the bilateral trade between India and the UK.
  • The FTA provides positive impact on manufacturing across labour and technology intensive sectors and opens up export opportunities for sectors such as textiles, marine products, leather, footwear, sports goods and toys, gems and jewellery and other important sectors such as engineering goods, auto parts and engines and organic chemicals. This will substantially improve Indian goods competitiveness in the UK vis-a-vis other countries.
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Good the babooze focused on this rather than immgiration this time
 
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 ?
 
Aaj Ka Hero said:
What's the deal that India got?
Hope India can do something about that crown council and tell them that for next few decades it's better to listen to India.
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Looks like Textile, Footwear export. Also with rising Electronics export, we may export these things also. Also in terms of Automobiles, UK is supposed to export cars from there to here. But no company have these kind of plans for now. Most probably JLR will start the Ranipet Plant and export Jaguar, LandRover to UK.

Mahindra have some Plans for export to Europe, may be we can see Mahindra exporting to UK. Meanwhile Tata can finally try to access some meaningful export. But the MBA wallahs in TATA will not going to do any proactive steps.
 
It includes wins on whisky, which within ten years will be halved from the current 150%. No other country has managed to get India to move on that.

..The Indians were pushing for an exemption for its high emission industries from the UK’s upcoming carbon tax. It is understood that will not happen.
 
Patrakars yesterday meanwhile...1746541815220.webp
 
FalconSlayers said:
Patrakars yesterday meanwhile...View attachment 33368
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Honestly, lot of Journalist today were low IQ folks who could not get entry into any Meaningful stream. It is already exposed by Coupta during Post 2019 Election result when he openly admitted how lot of journalist were never moved out of AC Rooms for coverage.

Also we see the recent kalesh between Female Journos of India/Pakistan fighting it out. Also we have regular Journos who can't differentiate roads, Armoured vehicles, call any gun as AK47.

Nowadays, lot of them were pasting reddit post as reference. This is the state of journalism.
 
LETHALFORCE said:
seems like UK needs this agreement more than India does??
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must be part of "derisking of supply chains" strategy that gora countries have been talking about since chini virus. signing a trade deal does not automatically mean, Indian industry wallahs are prepared for UK market. we will have to watch the numbers for a few years, but eventually these things will pick up after things settle down on import regulations (quality standards/ FDA etc. )side on both sides.
 
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