Negotiations for a trade deal between the UK and India are progressing, with the possibility of reaching an agreement before the upcoming general elections in India. UK trade minister Kemi Badenoch emphasized the importance of ensuring a commercially meaningful pact rather than rushing into a deal for the sake of political timelines. The trade talks, now in their 14th round, are navigating challenges posed by India’s protectionist economy compared to the UK’s liberalized regime. Both sides are optimistic about the ongoing negotiations and hope to enhance their current bilateral trading partnership, valued at GBP 36 billion. Key sticking points include reducing tariffs on UK exports to India and addressing concerns over the treatment of Indian workers temporarily transferred to the UK. As both countries gear up for elections this year, finalizing a trade agreement has taken on heightened significance.
UK-India Trade Deal Possible Before Elections, Says UK Minister
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
