Page 12 - India Uk

India, UK seeking equal treatment for services sector cos under FTA

India and the UK are seeking equal treatment in each other's market for their respective companies engaged in the services sector under the proposed free trade agreement, which is under negotiations, a government official said. The two countries are looking at promoting trade in services through this agreement, negotiations for which was launched on January 13, 2021. As many as ten rounds of talks have been completed till June this year and both sides are aiming to conclude the negotiations at the earliest. In the services sector, the official said the UK is showing keen interest in areas such as financial sectors, while India is looking at areas such as education and movement of skilled professionals. Under the services chapter of the free trade agreement, there are no customs duty concessions given to each other. The two trading partners negotiate issues like giving national treatment to Indian and British companies in different sectors and ease norms to promote trade in service

Trade deal with UK: India may give UK access to PV market, with riders

India has proposed a tariff rate quota (TRQ) that will impose a ceiling on the number of PVs (under 100,000 units) that will be allowed to be imported on a concessional tariff

Indian students in the UK surpass all countries: British High Commissioner

The High Commissioner of the United Kingdom visited JGU for the first time and addressed students of international affairs

India-UK FTA negotiations conclude with 'detailed' policy discussions

The ninth round of India-UK free trade agreement (FTA) negotiations concluded with detailed discussions across a range of policy areas, the UK government said on Wednesday. A joint outcome statement issued by the Department for Business and Trade (DBT) revealed that Round 9 of the ongoing talks took place between April 24 and 28 in a hybrid format, with some Indian officials travelling to London and others attending virtually. There is no date set for the 10th round of negotiations, which is likely to be hosted by New Delhi, also in a hybrid format. In continuation of the eighth round of negotiations held during 20-31 March 2023 in New Delhi, the United Kingdom and the Republic of India held the ninth round of talks during 24-28 April for a UK-India FTA, the DBT statement said. As with previous rounds, these were conducted in a hybrid fashion a number of officials from India travelled to London and others attended virtually. During the round, detailed discussions took place across

King Charles III enthronement 'interesting moment' for India: Indian envoy

He said that they are "delighted" that India at the coronation ceremony of King Charles III is represented by one of its highest dignitaries

India-UK join hands to drive transport decarbonisation initiatives

The initiative is backed by the governments of both India and the UK and is among the first to be announced following a landmark MoU signed by the UK and India Science Ministers

UK's FTA negotiator Harjinder appointed new Trade Commissioner to India

Harjinder Kang, Britain's Chief Negotiator for the India-UK free trade agreement (FTA) was on Wednesday named as the country's new Trade Commissioner to South Asia and Deputy High Commissioner for Western India. Kang, who will succeed Alan Gemmell as Deputy High Commissioner, will play a pivotal role in supporting the implementation of the FTA expected to bring huge opportunities for UK businesses, according to the British government. India and the UK have held nine rounds of discussions since the FTA talks began over a year ago in January 2022, with a goal towards a comprehensive pact that is expected to significantly enhance the bilateral trading relationship worth an estimated GBP 34 billion last year. I am delighted to welcome Harjinder to this role. He has been an integral part of our India trade deal negotiating team, and I'm confident he will use that experience to build on our outstanding track record on trade in South Asia, expanding opportunities for British businesses in

India, UK sign agreement to collaborate on science and innovation

The agreement will remove red tape standing in the way of major collaborations while unleashing a raft of new joint research schemes

UK minister Dominic Johnson begins India visit with focus on tech ties

UK's Minister for Investment Lord Dominic Johnson on Wednesday embarked on a visit to India to strengthen the bilateral investment partnership across technology and life sciences sectors and build momentum behind ongoing trade talks. After arriving in Bengaluru, Johnson is set to visit Pune to meet investors and leading Indian businesses, including Infosys and Zensar, to drum up investor interest in the UK, the Department for Business and Trade (DBT) said. The visit coincides with Round 9 of negotiations this week between officials working on the UK-India free trade agreement (FTA). "It is fantastic to be in India again visiting the vibrant cities of Pune and Bengaluru to find out how our strong cultural and economic ties mean investors and business leaders continue to choose the UK, said Johnson. He visited Mumbai and New Delhi in October last year when he met with investors and businesses including Apollo Hospitals, Prodapt and Wockhardt. From life sciences to AI [artificial ...

UK investment minister begins India visit with focus on tech ties

UK's Minister for Investment Lord Jo Johnson on Wednesday embarked on a visit to India to strengthen the bilateral investment partnership across technology and life sciences sectors and build momentum behind ongoing trade talks. After arriving in Bengaluru, Johnson is set to visit Pune to meet investors and leading Indian businesses, including Infosys and Zensar, to drum up investor interest in the UK, the Department for Business and Trade (DBT) said. The visit coincides with Round 9 of negotiations this week between officials working on the UK-India free trade agreement (FTA). "It is fantastic to be in India again visiting the vibrant cities of Pune and Bengaluru to find out how our strong cultural and economic ties mean investors and business leaders continue to choose the UK, said Johnson. He visited Mumbai and New Delhi in October last year when he met with investors and businesses including Apollo Hospitals, Prodapt and Wockhardt. From life sciences to AI [artificial ...

May feel pressure on non-tariff barriers in FTA, says UK panel

As much as 60 per cent of Indian exports to the country are already tariff free, while only three per cent of UK exports to India are tariff free

India, UK hold first in-person financial dialogue meeting since 2017

'Scope for augmenting knowledge on CBDC through mutual learning explored'

India, UK hold first in-person financial dialogue meeting since 2017

'Scope for augmenting knowledge on CBDC through mutual learning explored'

Will have great FTA with India, negotiations going well: Baroness Verma

United Kingdom House of Lords Member Baroness Verma said the UK and India will have a great Free Trade Agreement (FTA) deal and that the negotiations between the two countries are going well

PM Modi holds talk with Sunak, calls for action against anti-India elements

Prime Minister Narendra Modi on Thursday raised the issue of security of Indian diplomatic establishments in the United Kingdom in a telephonic conversation with his British counterpart Rishi Sunak and called for strong action against anti-India elements, officials said. Modi also sought progress on the return of economic offenders wanted in India, they said. Pro-Khalistan protestors had recently smashed windows at the Indian mission in London and targeted the national flag as well. The two leaders reviewed the progress of a number of bilateral issues, particularly in trade and economic sectors, officials said. During the talks, Sunak reiterated the UK's full support for India's ongoing G20 presidency.

Next round of India-UK free trade agreement talks from April 24

Both sides now continue to thrash out the thorny issues pertaining to the trade pact

FTA negotiations going on with United Kingdom, EU and Canada: Sitharaman

Finance Minister Nirmala Sitharaman while speaking at the Peterson Institute for International Economics (PIIE) on Free Trade Agreements in Washington said that FTAs are being signed much faster

Won't accept differential standards of security: EAM Dr S Jaishankar

Taking a strong view of pro-Khalistan supporters pulling down the Indian tricolour at the Indian High Commission in the United Kingdom, External Affairs Minister S Jaishankar on Friday said India would not accept differential standards of security. He also accused the UK of not meeting the obligation of providing security to the diplomats of the Mission, which is expected of a country where a high commission or a consulate is located. On the flag and the security of the high commission, in this particular case in the UK whenever any country sends an embassy anywhere abroad, it is the obligation of the receiving country to provide security for a diplomat to do his work. "It is the obligation of the receiving country to ensure the embassy or the high commission or the consulate and their premises are respected. These obligations were not met, Jaishankar said at an event organised here by Bengaluru South MP Tejasvi Surya. Replying to a question on the issue of threat to the diplomats

India-UK free trade talks covered 11 policy areas in seventh round

The seventh round of India-UK free trade agreement (FTA) talks concluded following technical discussions across 11 policy areas over 43 separate sessions between negotiators from both sides here last month, the British government has said. In an outcome statement released on Monday, the Department for Business and Trade did not give any further details on the policy areas covered, but confirmed that the eighth round of talks is due to take place in a few weeks' time. On 10 February 2023, the United Kingdom and the Republic of India concluded the seventh round of talks for an India-UK FTA, the outcome statement reads. Technical discussions were held across 11 policy areas over 43 separate sessions. They included detailed draft treaty text discussions in these policy areas. The eighth round of negotiations is due to take place later this Spring, it said. As with previous rounds, last month's session was also conducted in a hybrid fashion, with a number of Indian officials travelling

UK Foreign Secretary in India, to launch scheme for young professionals

He's visiting India to attend the G20 Foreign Ministers' meeting here and to mark a new scheme allowing young Brits and Indians to live and work in each other's countries for up to two years