India, U.K. Move Towards Free Trade Agreement
India and the United Kingdom (U.K.) have started working in the direction of a Free Trade Agreement (FTA) following Britain's exit from the European Union (EU), the ministry of commerce and industry tweeted.
2/3- Post Brexit, FTA with UK will be a fresh exercise & work on FTA with EU will continue with a re-calibarted approach :Smt @nsitharaman
July 8, 20163/3 Have invited Chief negotiator from UK's side to engage with our Chief negotiator to take forward the entire process :Smt @nsitharaman
July 8, 2016Commerce Minister Nirmala Sitharaman met U.K.'s secretary of state for business, innovation and skill, Sajid Javid on Friday.
When asked whether an FTA with the U.K. is the way forward after factoring in Brexit, Sitharaman told BloombergQuint, āWhether it is a PTA (Preferential Trade Agreement) or an FTA, that will be a mutually discussed matter of what kind of a framework we will have to go through.ā
Brexit affects India's advantage when signing an FTA with the EU, and needs to be examined, commerce secretary Rita Teotia told BloombergQuint on June 24 ā the day U.K. voted to exit the EU. Negotiations for a comprehensive FTA between India and the EU started in June 2007, according to the EU website.
(With inputs from Ashpreet Sethi)
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
