India and the UK will resume FTA talks in 2024, aiming for a mutually beneficial deal to boost market access and global integration for India
India seeks mobility for skilled labour, while the UK wants market access and lower tariffs. Bridging these gaps is key for FTA progress
UK's focus on environmental and labour standards poses challenges for India, with similar issues arising in FTA talks with the European Union
EU’s CBAM impacts competitiveness, reflecting inward-looking policies and conflicting with shared but differentiated responsibilities in climate action
India must protect its trade interests by lowering tariffs, improving standards, and integrating into global value chains for better opportunities
With 2% global export share, India must adapt to norms, reduce carbon intensity, enhance competitiveness, and prepare for impactful trade deals