FTA, India’s first bilateral trade deal with a Western nation, will see tariffs on whisky-gin from UK halved to 75 percent. Automobile tariffs will be cut to 10 percent with a quota.
EAM Jaishankar is on a tour of the UK and Ireland, where he will give momentum to a £41 billion trade partnership. Despite the progress, skepticism lingers in India-UK relations.
UK-India Partnership on AI, semiconductors & quantum computing also among 10 recommendations set out by the strategic advisory and policy advocacy organisation Thursday.
19 of 26 chapters in trade talks closed, but issues like informal labour, liquor tariffs & migration policies to be resolved. PM Modi & UK PM Rishi Sunak agreed to 'work at pace' towards FTA.
A consultant who is part of India-UK FTA talks says neither side has received any guidelines that trade talks have been halted on account of Khalistan issue.
India hopes to finalise trade agreement by March 2023 as earlier deadline passes. In an interview with ThePrint, UKIBC MD Kevin McCole says UK won't 'compromise quality for speed'.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
It is a miracle that socialist India has signed an FTA with the UK. For third-rate standards of free market in India, a 75% tariff is to be considered ‘free’. Meanwhile, communists are getting ready for their next protest.
It is a miracle that socialist India has signed an FTA with the UK. For third-rate standards of free market in India, a 75% tariff is to be considered ‘free’. Meanwhile, communists are getting ready for their next protest.