UK trade deal likely to serve as model for India's FTAs with EU, US

The conclusion of an ambitious trade deal between India and the UK could serve as a model for New Delhi’s ongoing free trade agreement (FTA) talks with major trade partners, including the US and EU. The long-pending deal with the UK was finalised on Tuesday.

 

While the specifics of the agreement with the UK is not yet known, the fact that India has agreed to slash import tariffs on automobiles from 100 per cent to 10 per cent coupled with a cap on imports, is a clear signal that New Delhi is gradually shedding its protectionist stance.

 

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