India reserves right to negate Britain’s CBAM impact

3 months ago

The India-UK free trade agreement lacks provisions for Britain’s proposed Carbon Border Adjustment Mechanism (CBAM). Officials stated that if the UK implements CBAM in the future, India reserves the right to implement measures to mitigate its impact on domestic exports. This understanding, formalized in a note verbale, allows India to counterbalance any trade disadvantages arising […]

Mutual recognition pacts between India, UK may be ready in 36 months

3 months ago

India and the UK have agreed to negotiate mutual recognition agreements to facilitate the movement of professionals like nurses, accountants, and architects to Britain within 36 months. As part of the India-UK Comprehensive Economic and Trade Agreement, Britain will allow business visitors and intra-corporate transferees, including partners and dependents, with assured mobility regime.

Free trade pact opens up $122 bn British govt’s procurement market for Indian cos

3 months ago

The India-UK free trade agreement’s public procurement provisions will grant Indian companies non-discriminatory access to the UK market, valued at USD 122 billion. The UK has committed to non-discriminatory treatment for Indian suppliers under its social value regime.

Average turnaround time at Indian ports falls to less than a day: Sonowal

3 months ago

India’s port turnaround time has dramatically improved, now under a day, surpassing many advanced nations, according to Union Minister Sarbananda Sonowal. This boost in efficiency, coupled with increased container handling capacity and cargo volumes, supports India’s ambition to become a global maritime hub. Policy measures are being implemented to further bolster the domestic shipping sector […]

India, UK start a new chapter with FTA

3 months ago

India and the UK have formalized a Comprehensive Economic and Trade Agreement (CETA), targeting a trade volume exceeding $100 billion by 2030. This landmark deal, India’s 16th such pact, eliminates tariffs on key sectors like leather and apparel in the UK, while reducing duties on British whisky and cars in India.

India-UK trade: Co-equal rule to aid claiming of benefits

3 months ago

The India-UK trade agreement brings a new ‘co-equal’ rule. This offers flexibility for goods like chemicals and steel. Producers can meet any origin criteria to benefit. These rules prevent FTA circumvention and substandard imports into India. This pact differs from earlier ones with simpler origin rules. Elaborate rules are created for the first time, though […]

New Delhi opens govt procurement to UK companies

3 months ago

India is set to open government contracts to companies from the UK. This move will allow UK firms to bid on projects in transport, green energy, and infrastructure. UK-origin goods with 20% domestic content will be treated as local suppliers. This decision marks a shift in India’s procurement strategy.

India-UK trade boost: 108 service sub-sectors opened to British firms, 137 to Indian companies

3 months ago

India and the UK have reached a trade agreement where India will open 108 service sub-sectors to British firms, while the UK will grant access to 137 sub-sectors for Indian companies. This pact covers key areas of Indian interest, including IT, finance, and education.

IT companies’ export potential to see 15-20% annual growth

3 months ago

The India-UK trade deal is poised to significantly boost Indian software exports, potentially increasing them by 15-20% annually. Indian IT professionals working in the UK will benefit from exemptions on social security contributions, leading to substantial savings. Moreover, Indian companies will gain from a three-year exemption from the UK’s Jobs Tax, resulting in benefits exceeding […]

India’s export engine faces carbon headwinds as net-zero rules tighten, study says

3 months ago

A study reveals that over two-thirds of India’s exports, valued at $824.9 billion, face climate-related risks due to stringent net-zero regulations in major markets like the UK and EU. These markets are implementing carbon border adjustment mechanisms, potentially impacting India’s export competitiveness.

India reserves right to negate Britain’s CBAM impact

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