{"id":223537,"date":"2023-01-23T20:03:48","date_gmt":"2023-01-23T14:33:48","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=223537"},"modified":"2023-02-20T18:46:32","modified_gmt":"2023-02-20T13:16:32","slug":"no-entry-no-deal-without-more-visas-uk-fta-makes-little-sense-for-india","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/no-entry-no-deal-without-more-visas-uk-fta-makes-little-sense-for-india\/","title":{"rendered":"No Entry, No Deal – Without more visas, UK FTA makes little sense for India"},"content":{"rendered":"\n

Source<\/strong>: The post is based on the article\u00a0\u201cNo Entry, No Deal – Without more visas, UK FTA makes little sense for India\u201d <\/strong>published in The Times of India <\/b>on\u00a023rd January 2023<\/b>.<\/p>\n

Syllabus<\/strong>: GS 2 \u2013 Bilateral, regional and global groupings and agreements involving India and\/or affecting India\u2019s interests.<\/p>\n

Relevance<\/strong>: About the process of visa liberalisation.<\/p>\n

News<\/strong>: Recently, the UK international trade secretary pointed out that the country left the EU because it does not believe in the free movement of people. Further, visa liberalisation under the proposed India-UK FTA is also not up for negotiation. This poses challenges to the India-UK FTA.<\/p>\n

Why visa liberalisation is essential for India-UK trade?<\/h2>\n

-The two-way trade between India-UK in 2021-22 was $17. 5 billion, lower than India\u2019s trade with Germany or with Belgium. India\u2019s overall merchandise trade with the UK was less than 2%. Free movement of skilled labour and students between India and the UK could have provided an incentive to quicken the pace of negotiations.<\/p>\n

-Access to India\u2019s huge market appears to be the UK\u2019s primary incentive for UK. An FTA which lowers tariffs for British exporters helps the UK.<\/p>\n

But with UK tariffs already low, India can gain only from visa liberalisation.<\/p>\n\n\n\n
Must read: India \u2013 UK Free Trade Agreement (FTA) | Timeline<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What needs to be done to facilitate India-UK FTA?<\/h2>\n

FTAs require tradeoffs. Some domestic interests have to be set aside in the pursuit of larger gains from lowering barriers to trade. Similarly, the UK have to revisit its visa liberalisation policy.<\/p>\n

What India should do?<\/h2>\n

The UK and Australia already have a regime of unfettered movement for young people, including job seekers. Against this backdrop, India should work on other potential FTAs like the ones with the EU and US as gains from these FTAs are far greater than anything on offer by the UK.<\/p>\n\n\n\n
Read more: Impacts of India-UK FTA: Nothing So Great About Free Trade With Great Britain<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article\u00a0\u201cNo Entry, No Deal – Without more visas, UK FTA makes little sense for India\u201d published in The Times of India on\u00a023rd January 2023. Syllabus: GS 2 \u2013 Bilateral, regional and global groupings and agreements involving India and\/or affecting India\u2019s interests. Relevance: About the process of visa liberalisation.… Continue reading No Entry, No Deal – Without more visas, UK FTA makes little sense for India<\/span><\/a><\/p>\n","protected":false},"author":10311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,10496],"class_list":["post-223537","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-times-of-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704936630},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/223537","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\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=223537"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/223537\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=223537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=223537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=223537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}