India’s FTA negotiations with UK may hit a roadblock
1 year, 2 months ago

India’s FTA negotiations with UK may hit a roadblock

Hindustan Times  

New Delhi India’s negotiations with the UK for a trade deal could hit a roadblock as Indian industries are unwilling to offer import duty concessions to British manufacturers without London allowing easier mobility for Indian professionals, people with direct knowledge of the talks said on Monday. If business mobility – or easier temporary movement of Indian professionals to the UK for business purposes – is taken out of the free trade agreement negotiations, there won’t be any significant gain for India as most Indian goods already have duty-free access to the UK market, and most of the other items attract a low tariff of 5%, the people said, requesting anonymity. A trade deal could help Indian exporters gain access to the UK market, including India’s 48 million small and medium enterprises. The Disposal Company CEO Bhagyashree Bhansali said: “Without a doubt, business mobility should be an integral part of the proposed FTA with the UK, and it’s imperative for the agreement to be truly beneficial for India.

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