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

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.

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 […]

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.

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 […]

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.

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 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.

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.

Prime Minister Narendra Modi’s UK visit anticipates the signing of the India-UK Free Trade Agreement, a significant post-Brexit trade achievement for the UK. Discussions with British Prime Minister Keir Starmer are scheduled at Chequers. Bilateral trade exceeded $55 billion in 2023-24, with substantial investments from both nations, highlighting the robust economic partnership.

The EU and US are nearing a trade agreement that could impose 15% tariffs on European imports, mirroring a deal the US struck with Japan. Brussels is considering these reciprocal levies to avoid a potential increase to 30% by the US.