{"id":166364,"date":"2022-02-03T22:45:44","date_gmt":"2022-02-03T17:15:44","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=166364"},"modified":"2022-02-03T22:45:44","modified_gmt":"2022-02-03T17:15:44","slug":"answered-there-are-good-economic-and-strategic-reasons-for-an-india-uk-fta-that-will-spell-many-opportunities-for-both-countries-critically-examine-the-statement","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/answered-there-are-good-economic-and-strategic-reasons-for-an-india-uk-fta-that-will-spell-many-opportunities-for-both-countries-critically-examine-the-statement\/","title":{"rendered":"[Answered] \u201cThere are good economic and strategic reasons for an India UK FTA that will spell many opportunities for both countries\u201d. Critically examine the statement."},"content":{"rendered":"<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><span data-contrast=\"auto\">The directive Critically Examine demands both positive and critical aspects of the topic in question.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:259}\"><br \/>\n<\/span><b><span data-contrast=\"auto\">Introduction:<\/span><\/b><span data-contrast=\"auto\"> Write a brief note on the India-UK FTA.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:259}\"><br \/>\n<\/span><b><span data-contrast=\"auto\">Body:<\/span><\/b><span data-contrast=\"auto\"> Write few points on positives aspects of India UK FTA. Write down few negatives of India UK FTA.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:259}\"><br \/>\n<\/span><b><span data-contrast=\"auto\">Conclusion:<\/span><\/b><span data-contrast=\"auto\"> Write is brief note of suggestions towards a better FTA between India and UK.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span data-contrast=\"none\">India and the UK have launched the formal Free Trade Agreement negotiations, that is envisaged <\/span><b><span data-contrast=\"none\">to conclude by the end of 2022<\/span><\/b><span data-contrast=\"none\">. Both countries have agreed to conclude an Early Harvest Agreement (an Interim trade agreement) by mid 2022.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">This FTA could create many opportunities for both countries:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Increased economic cooperation\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">The UK and India had <\/span><b><span data-contrast=\"none\">bilateral trade of $ 23 Bn in 2019<\/span><\/b><span data-contrast=\"none\">. The FTA could help achieve the target to <\/span><b><span data-contrast=\"none\">double the Figure by 2030<\/span><\/b><span data-contrast=\"none\"> as envisaged under \u201c<\/span><b><span data-contrast=\"none\">Roadmap 2030<\/span><\/b><span data-contrast=\"none\">\u201d by both countries.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Increased Employment through investment<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">India is the 2nd largest investor in the UK, While the UK\u2019s investment in India provides close to <\/span><b><span data-contrast=\"none\">half a million jobs in India<\/span><\/b><span data-contrast=\"none\">. This number is set to increase with the FTA.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Market for UK\u2019s goods and services and skilled labor access for India<\/span><\/b><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">The FTA will provide the UK freer access to 5th largest economy and 1.4 Bn people especially in post BREXIT times.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">India skilled labor force will get better access to the high-tech market of the UK.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Maintaining regional balance<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">The global Centre of gravity is shifting towards the <\/span><b><span data-contrast=\"none\">Indo-Pacific region<\/span><\/b><span data-contrast=\"none\">, the UK wants greater <\/span><b><span data-contrast=\"none\">cooperation with India which is a natural ally<\/span><\/b><span data-contrast=\"none\"> in the region.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">India which envisages a free, open and inclusive Indo-pacific, can use the cooperation of a like-minded country like the UK, in <\/span><b><span data-contrast=\"none\">countering the assertive nature of China <\/span><\/b><span data-contrast=\"none\">in the region.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Strategic advantage and Defense cooperation<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">Close cooperation with UK, a permanent member of UNSC, could support India\u2019s aspiration of a <\/span><b><span data-contrast=\"none\">permanent seat at the UNSC.<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">India-UK cooperation, along with other like-minded countries, could help India <\/span><b><span data-contrast=\"none\">counter the growing Russia-China-Pakistan axis<\/span><\/b><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">The UK could help <\/span><b><span data-contrast=\"none\">strengthen India\u2019s domestic defense manufacturin<\/span><\/b><span data-contrast=\"none\">g capacity.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">However, there are many challenges that need to be addressed<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li><b><span data-contrast=\"none\">Delay in finalizing FTAs. F<\/span><\/b><span data-contrast=\"none\">or<\/span><span data-contrast=\"none\"> example, India-EU FTA has been stuck for over a decade. Now, both countries are looking to finalise interim or early harvest trade agreement, which has not been transformed into comprehensive FTAs in the past. For example, India, in 2004, signed an interim trade agreement with Thailand to reduce tariffs, but it never converted into full-fledged FTA.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">Furthermore, <\/span><b><span data-contrast=\"none\">WTO rules only permit full-fledged FTAs<\/span><\/b><span data-contrast=\"none\">. Thus, it can be challenged in WTO by other countries.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">The <\/span><b><span data-contrast=\"none\">balance of trade in almost all FTAs has been adverse to India<\/span><\/b><span data-contrast=\"none\">. It is because India has not been able to exploit export opportunities using FTAs.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">The <\/span><b><span data-contrast=\"none\">bitter past of British colonialism in India <\/span><\/b><span data-contrast=\"none\">creates a psychological barrier between the countries.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">The <\/span><b><span data-contrast=\"none\">UK\u2019s perceived tilt towards Pakistan<\/span><\/b><span data-contrast=\"none\"> and its efforts to make <\/span><b><span data-contrast=\"none\">China the anchor of post-Brexit economic policy<\/span><\/b><span data-contrast=\"none\"> can hamper the negotiations.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"none\">India\u2019s complex business environment<\/span><\/b><span data-contrast=\"none\"> and the <\/span><b><span data-contrast=\"none\">UK\u2019s strict immigration laws<\/span><\/b><span data-contrast=\"none\"> can create road blocks.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"none\">The <\/span><b><span data-contrast=\"none\">UK\u2019s interference in internal matters like Kashmir and farmer\u2019s agitatio<\/span><\/b><span data-contrast=\"none\">n creates friction in the bilateral relations.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">India and the UK need to move swiftly to conclude the FTA, while avoiding sensitive matters. The 1.5 Mn strong Indian diaspora in the UK could be utilized to create a more conducive environment for the negotiations.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The directive Critically Examine demands both positive and critical aspects of the topic in question. Introduction: Write a brief note on the India-UK FTA.\u00a0\u00a0 Body: Write few points on positives aspects of India UK FTA. Write down few negatives of India UK FTA.\u00a0 Conclusion: Write is brief note of suggestions towards a better FTA between&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/answered-there-are-good-economic-and-strategic-reasons-for-an-india-uk-fta-that-will-spell-many-opportunities-for-both-countries-critically-examine-the-statement\/\">Continue reading <span class=\"screen-reader-text\">[Answered] \u201cThere are good economic and strategic reasons for an India UK FTA that will spell many opportunities for both countries\u201d. Critically examine the statement.<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-166364","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/166364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=166364"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/166364\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=166364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}