India and the United Kingdom (UK) have formally launched negotiations for an ambitious Free Trade Agreement<\/a> <\/strong><\/span>(FTA).<\/span><\/p>\n The agreement aims to facilitate the target of doubling bilateral trade to $100 billion between India and the United Kingdom by 2030.<\/span><\/p>\n Initially, an interim FTA would be signed and subsequently a comprehensive deal by the end of the year would be signed.<\/span><\/p>\n The interim agreement will include tariff liberalisation in 60-65% of traded goods, while the final deal will include more than 90% of items.<\/span><\/p>\n This means that sensitive issues, such as allowing freer movement of skilled professionals from India, could be taken up during the final deal.<\/span><\/p>\n Moreover, Mutual Recognition Agreements (MRAs) on Pharma could also be signed, which could provide additional market access.<\/span><\/p>\n Firstly, <\/b><\/em>it is expected to increase our exports in Leather, Textile, Jewellery, Marine Products and processed Agri products.<\/span><\/p>\n Secondly, <\/b><\/em>India is not part of any regional trade deal. Hence, FTAs like this will enable the country to achieve its ambitious merchandise export target of $1 trillion by FY28.<\/span><\/p>\n Source: <\/b>This post is based on the article \u201c<\/b>India and UK Launch Free Trade Agreement Negotiations<\/b>\u201d<\/b> published in PIB <\/b>on 12th<\/sup> January 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the news? India and the United Kingdom (UK) have formally launched negotiations for an ambitious Free Trade Agreement (FTA). What will be the aim of the India-UK FTA? The agreement aims to facilitate the target of doubling bilateral trade to $100 billion between India and the United Kingdom by 2030. What will the… Continue reading India and UK Launch Free Trade Agreement Negotiations<\/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":[1566,9],"tags":[3590],"class_list":["post-161800","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704710452},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/161800","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=161800"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/161800\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=161800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=161800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=161800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What will be the aim of the India-UK FTA?<\/b><\/h5>\n
What will the India-UK FTA contain?<\/b><\/h5>\n
What is the significance of India-UK FTA?<\/b><\/h5>\n