About India-UK FTA<\/b><\/h5>\n![\"\"](\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/09\/1631647125-532.jpg?resize=300%2C235&ssl=1\")
Source: Business Standard<\/figcaption><\/figure>\nIndia and the UK are planning to sign an<\/span> interim trade deal by March 2022 which will be followed by a comprehensive <\/span>Free Trade Agreement(FTA).<\/span><\/p>\nThe interim trade pact would involve early tariff or market access concessions on certain key \u2018high priority products and services.<\/span><\/p>\nClick Here to Read about India-UK Trade Relations<\/b><\/a><\/p>\nWhat are the key expectations linked with India-UK FTA?<\/b><\/h5>\n
Tariff barriers:<\/b><\/p>\n
Under this, the UK would expect India to bring down tariffs on certain key UK export items<\/strong> such as food and drinks (including scotch and whiskey), automotive, chemicals and life sciences (including pharmaceuticals and medical devices).<\/span><\/p>\nOn the other hand, India would expect greater market access<\/strong> for its engineering and auto components, readymade garments, gems and jewellery, food and agricultural products.\u00a0<\/span><\/p>\nNon-tariff and technical barriers<\/b><\/h5>\n
Under this, India would expect the UK to be relatively more flexible with respect to the WTO-plus sanitary and phytosanitary requirements<\/strong> (food safety, animal and plant health standards) as applied by it on Indian food, agricultural and marine products.<\/span><\/p>\nThe UK on the other hand would expect India to remove sectoral, non-tariff and technical barriers<\/strong>. In addition, the UK would also expect India to strengthen its Intellectual Property(IP) regime.<\/span><\/p>\nTrade in Services:\u00a0<\/b><\/p>\n
The UK is likely to focus on a more liberal Mode 3 access<\/strong> (cross-border investment and commercial presence) for information, communications and technology (ICT), educational, financial, telecom, travel, retail and energy related services.\u00a0<\/span><\/p>\nOn the other hand, India has a greater comparative advantage in professional and computer-related services. Hence, it is likely to seek a more liberal Mode 4 access<\/strong> (movement and presence of professionals and students).<\/span><\/p>\nSource: <\/b>This post is based on the article<\/span> \u201c<\/b>India, UK aim to launch FTA negotiations by November 1<\/b>\u201d<\/b> published in<\/span> PIB on 14th September 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"What is the News? India and the UK are planning to begin the negotiations on a Free Trade Agreement(FTA) by November 2021. About India-UK FTA India and the UK are planning to sign an interim trade deal by March 2022 which will be followed by a comprehensive Free Trade Agreement(FTA). The interim trade pact would… Continue reading India, UK aim to launch FTA negotiations by November 1<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[8963,9223,9745,9492],"class_list":["post-134139","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-bilateral-regional-and-global-groupings-and-agreements","tag-free-trade-agreements","tag-india-uk-fta","tag-india-uk-relations","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700775432,"cached_date":1704894642},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=134139"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134139\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=134139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=134139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=134139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
India and the UK are planning to sign an<\/span> interim trade deal by March 2022 which will be followed by a comprehensive <\/span>Free Trade Agreement(FTA).<\/span><\/p>\n The interim trade pact would involve early tariff or market access concessions on certain key \u2018high priority products and services.<\/span><\/p>\n Click Here to Read about India-UK Trade Relations<\/b><\/a><\/p>\n Tariff barriers:<\/b><\/p>\n Under this, the UK would expect India to bring down tariffs on certain key UK export items<\/strong> such as food and drinks (including scotch and whiskey), automotive, chemicals and life sciences (including pharmaceuticals and medical devices).<\/span><\/p>\n On the other hand, India would expect greater market access<\/strong> for its engineering and auto components, readymade garments, gems and jewellery, food and agricultural products.\u00a0<\/span><\/p>\n Under this, India would expect the UK to be relatively more flexible with respect to the WTO-plus sanitary and phytosanitary requirements<\/strong> (food safety, animal and plant health standards) as applied by it on Indian food, agricultural and marine products.<\/span><\/p>\n The UK on the other hand would expect India to remove sectoral, non-tariff and technical barriers<\/strong>. In addition, the UK would also expect India to strengthen its Intellectual Property(IP) regime.<\/span><\/p>\n Trade in Services:\u00a0<\/b><\/p>\n The UK is likely to focus on a more liberal Mode 3 access<\/strong> (cross-border investment and commercial presence) for information, communications and technology (ICT), educational, financial, telecom, travel, retail and energy related services.\u00a0<\/span><\/p>\n On the other hand, India has a greater comparative advantage in professional and computer-related services. Hence, it is likely to seek a more liberal Mode 4 access<\/strong> (movement and presence of professionals and students).<\/span><\/p>\n Source: <\/b>This post is based on the article<\/span> \u201c<\/b>India, UK aim to launch FTA negotiations by November 1<\/b>\u201d<\/b> published in<\/span> PIB on 14th September 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? India and the UK are planning to begin the negotiations on a Free Trade Agreement(FTA) by November 2021. About India-UK FTA India and the UK are planning to sign an interim trade deal by March 2022 which will be followed by a comprehensive Free Trade Agreement(FTA). The interim trade pact would… Continue reading India, UK aim to launch FTA negotiations by November 1<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[8963,9223,9745,9492],"class_list":["post-134139","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-bilateral-regional-and-global-groupings-and-agreements","tag-free-trade-agreements","tag-india-uk-fta","tag-india-uk-relations","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700775432,"cached_date":1704894642},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=134139"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134139\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=134139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=134139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=134139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What are the key expectations linked with India-UK FTA?<\/b><\/h5>\n
Non-tariff and technical barriers<\/b><\/h5>\n