Page 6 - India Uk Relation

UK-India to build stronger ties during minister's visit to TN, Gujarat

TN and Gujarat are leading the way in the development of emerging technologies, the British minister said

Rajnath Singh's UK visit first by Indian defence minister in 22 years

Defence Minister Rajnath Singh is set to embark upon a three-day visit to the UK from Monday, seen as significant to the bilateral partnership in the sphere of defence and security as the last ministerial level visit took place 22 years ago. Singh's previously planned visit to the UK in June 2022 was called off by the Indian side for protocol reasons, making next week's tour a highly anticipated one. Besides wide-ranging talks with his UK counterpart, Defence Secretary Grant Shapps, Singh is expected to inspect a ceremonial Guard of Honour and undertake visits to Mahatma Gandhi and Dr B.R. Ambedkar memorials in London. A community interaction with members of the Indian diaspora in the UK is also expected to be part of his three-day itinerary. This visit is significant in terms of both optics and substance. In terms of the former, this is the first visit of India's defence minister to the UK in 22 years the last visit was by then defence minister of a previous BJP-led government, .

UK PM Rishi Sunak faces byelection challenge after ex-minister quits

British Prime Minister Rishi Sunak was on Friday hit with a byelection challenge as a former energy minister resigned as Conservative Party MP over new oil and gas production related legislation coming up in Parliament next week. Chris Skidmore, who was a minister for energy under former prime minister Boris Johnson, said he was resigning as Tory MP for Kingswood in Gloucestershire, south-west England, because the constituents deserved a new member of Parliament after his "personal decision" not to continue in the Commons. Skidmore, 42, had already announced plans not to contest the next general election but his hastened exit means Sunak will be forced to contend with a byelection, which is often seen as a precursor to the final poll results in a general election year. "The bill would in effect allow more frequent new oil and gas licences and the increased production of new fossil fuels in the North Sea," said Skidmore in his resignation letter posted on X. "I can no longer stand b

India seeks bargains against UK's carbon border tax as part of FTA

Both countries hope to finalise the deal by February, before the Lok Sabha election in India

With elections in sight, PM Rishi Sunak pins hopes on India-UK FTA

The ambitious India-UK free trade agreement (FTA) may have proved elusive even in 2023, but it remains the focal point for British Prime Minister Rishi Sunak to try and bolster his electoral pitch for voters increasingly disillusioned by his government over the rising cost of living and illegal migration. As Sunak, Britain's first Indian-origin Prime Minister, marked the start of this year by setting out his government's top priorities for the year ahead, the deal was not far behind on the agenda. The two nations will begin a new round of discussions in the New Year after the 13th round was completed this month. The round included sessions both in-person, in London and Delhi, and virtual talks. As with round 12, these negotiations focused on complex issues including goods, services, and investment. The UK and India will continue to negotiate towards a comprehensive and ambitious Free Trade Agreement, the Department for Business and Trade (DBT) said. There is a strong sense that bot

EAM Jaishankar rejects criticism over delays in firming up India-UK FTA

External Affairs Minister S Jaishankar on Monday took strong objection to those criticising New Delhi for delays in firming up the proposed free trade agreement with the UK and said careful scrutiny is required as such pacts could impact livelihoods of people. "I hear this naysayers' narrative coming back -- why isn't India quickly signing up (the FTA) with the UK? Nobody says why isn't the UK quickly signing up with India? So somewhere, it is like we have to make that accommodation," he said. The external affairs minister was speaking at a book release ceremony. India and the UK have been holding negotiations to firm up an ambitious FTA. The two sides are learnt to have finalised over 20 out of 26 chapters in the FTA and are now looking at sealing it by bridging differences on certain contentious issues including mobility of people and import duty concessions on certain items. In April last year, the two sides had set a Diwali deadline for concluding the free trade agreement but

India-UK to resolve visa, EV issues under proposed free trade agreement

India and the UK are trying to resolve issues concerning visas for domestic professionals and duty concessions on British electric vehicles (EVs) as part of the proposed free trade agreement, and talks on them are at the last leg, an official said. An Indian team is in the UK to iron out differences over these issues, besides some others in the services sector and customs duty cut on British whiskey. The two countries are looking at tariff rate quota (TRQ) type arrangements for EVs. Under TRQ, a fixed number of goods are allowed at concessional duty, and beyond that, normal duty applies. The UK has sought customs duty concessions on exports of electric vehicles to India under the proposed free trade agreement. "India is seeking a liberal visa regime for its services companies as those firms need to send skilled professionals to the UK. So, visa regime should be facilitative for them," the official said. However, the UK is arguing that one of the main issues that led to Brexit was

FTA with Britain, EU will be a game changer for domestic industry: AEPC

The proposed free trade agreement with the UK and the European Union will be a game changer for the domestic industry and will offer a huge advantage for apparel exporters, AEPC said on Saturday. Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said that trade pacts with the UAE, Australia and Japan are providing market access for the sector. "The FTA with the UK will be a game changer for the industry, and the EU will offer a big advantage if we sign an FTA deal," he said. The negotiations for the trade agreement with the UK are in the last stage and talks with the EU are moving at a faster pace. He also said that one of the major issues regarding the poor export competitiveness of Indian apparel is poor economies of scale. The apparel industry comprises 80 per cent of exporters with around Rs 10 crore turnover and the average number of machines in Indian apparel manufacturing units is 250-400, whereas competing countries have an average of 800- 1000 machines. "Also

HSBC India, UK Export Finance tie up for 100 mn pound financing programme

HSBC India and UK Export Finance (UKEF), the UK's export credit agency, have intended to establish a financing programme of up to 100 million pound to support Indian Micro, Small and Medium Enterprises (MSMEs) and corporates for financing their imports from Britain. This partnership will enhance the availability of credit for Indian MSMEs and boost trade ties between the two countries, HSBC India said in a statement on Thursday. HSBC India and UKEF on Thursday signed a Letter of Intent (LoI), which enables them to work together on opportunities relating to UKEF's guarantee-backed structures. India was the UK's 12th largest trading partner in the four quarters to the end of Q2 2023, accounting for 2.1 per cent of total UK trade. In 2021, around 7,500 UK SMEs, with around 3,17,300 employees, exported goods worth 1.2 billion pound to India, accounting for 85 per cent of all UK businesses exporting goods to India. Providing enhanced financial access and developing an ecosystem that ..

'Kabhi Khushi Kabhie Gham': UK Opposition leader Starmer on FTA with India

The UK's Opposition Leader Keir Starmer has described the ups and downs of the government's negotiations towards a free trade agreement (FTA) with India as Kabhi Khushi Kabhie Gham' and committed the Labour Party to pursuing an "always happy" bilateral relationship. During his speech at a Diwali celebration in the Houses of Parliament complex in London organised by the British Indian think tank 1928 Institute last week, Starmer referenced the Bollywood box-office hit which translates as sometimes happy, sometimes sad. India and the UK are currently in the 14th round of FTA negotiations to enhance the GBP 36-billion bilateral trading partnership, with several expected completion points having passed. We will be rebuilding Britain's reputation on the international stage and that means a new strategic partnership with India, said Starmer. The Tories are working on a free trade agreement, I think. It's all a bit stop-and-start. In fact, you could almost call the negotiations Khabi Kushi

Next round of India, UK talks for free trade agreement expected soon

Chief negotiators of India and the UK are expected to soon hold next round of talks for the proposed free trade agreement to iron out differences on issues such as automobiles, medical devices, and movement of professionals, an official said. The official said that the UK team may come here for the 14th round of negotiations so that the talks can be concluded at the earliest. "Virtual sessions are progressing. But we are planning for a full fledged round of talks. In the full round, both sides discuss all the chapters. Some 60-70 sessions happen parallelly," the official, who did not wish to be named, said. Issues which need resolution include rules of origin; intellectual property rights (IPRs); social security agreement; duty concessions on electric vehicles, scotch whiskey, lamb meat, chocolates and certain confectionary items; liberalisation of norms in services sectors like banking and insurance. Talks are also progressing on the proposed bilateral investment treaty (BIT). Th

EAM Jaishankar meets former British premier Blair, discusses bilateral ties

External Affairs Minister S Jaishankar on Monday met former British prime minister Tony Blair here and discussed bilateral ties, the West Asia situation and Africa. Jaishankar is on a five-day official visit to the UK with an aim to review various aspects of bilateral ties and give "new impetus to the friendly ties". "Nice to catch up with former UK PM Tony Blair this morning. Discussed our bilateral ties, the West Asia situation and Africa," Jaishankar said in a post on X. Blair served as British premier from 1997 to 2007 and as envoy for the Middle East Quartet comprising the UN, the US, the European Union, and Russia from 2007 to 2015. The Quartet, established to help mediate Israeli-Palestinian peace negotiations, has been largely inactive in recent years. According to Israeli media reports, Tel Aviv is seeking to appoint Blair as a humanitarian coordinator for the war-torn Gaza Strip. On Sunday, British Prime Minister Rishi Sunak and his wife Akshata Murty hosted Jaishankar

UK to add India as 'safe state' to cut asylum claims amid migrant crisis

With this addition, all asylum claims from Indian nationals who arrive on small boats or illegally on other routes will be deemed inadmissible. There will be no appeals and they will be sent back.

The Diwali deadline

India-UK FTA needs to be expedited

UK-India FTA: Electric vehicles market access sparks differences

The UK government has asked India to allow exporting a limited number of fully assembled EVs to India with no customs duty

G20 Summit 2023: UK PM Rishi Sunak shares his vision for UK-India relations

UK Prime Minister Rishi Sunak speaks about his family's Indian origins, deepening bilateral relationships and potential collaborations between the two nations. Here are the highlights

Goyal, UK SoS Trade Bandenoch discuss further boosting trade relations

While appreciating the efforts of both the CNs, the Ministers desired a good pace of exchanges to be continued with a better understanding of each other's aspirations and sensitivities

Trend line on India-UK FTA very positive, says High Commissioner Doraiswami

Ahead of the 12th round of the India-UK free trade agreement (FTA) negotiations starting in New Delhi on Wednesday, the Indian High Commissioner to the UK has expressed optimism that officials on both sides will be able to get something working and find a right fit towards a mutually beneficial pact. High Commissioner Vikram Doraiswami told PTI that he is positive as both countries seem keen to make necessary adjustments, recognising the complexities involved with the very different structures of the two similar-sized economies. On the wider bilateral partnership, he expressed similar optimism around an "obvious synergy" across different sectors. I'm positive about it (FTA) My intention is that to the extent we can, we would like a mutually beneficial forward-looking FTA to be concluded, said the High Commissioner. I believe both sides are keen on making the necessary adjustments. Even though we're both similar-sized economies, we are dissimilar in the structures of our economies a

Govt hopes to close India-UK free trade agreement issues by month-end

The 12th round of talks between the countries is in progress here and is expected to continue until at least 28 August

Demand on data-related issues, concessions on dairy out of India-UK FTA

Protecting the interest of domestic players, India has kept demands of Britain on data related issues and giving any kind of duty concessions on dairy sector out of the ambit of the proposed free trade agreement being negotiated between the two countries, sources said. However, India is looking at providing duty concessions on auto, and certain confectionery items, they said. The negotiation for the agreement has reached a critical stage and in all likelihood it could be concluded by October end or November. The talks received a great impetus due to the recent visit of Commerce and Industry Minister Piyush Goyal and Commerce Secretary Sunil Barthwal to London in July, where both held a series of meetings with different stakeholders including senior British officials. The negotiation would get a further fillip during the meetings of trade ministers of India and the UK at the sidelines of G20 trade ministers meeting this month in Jaipur. "The visit of the Indian minister and secreta