[ad_1] The India-UK Comprehensive Economic and Trade Agreement (CETA) has the potential to increase foreign direct investment into India, according to officials, industry participants, and investment analysts. A major driver of this is the local sourcing norm in the agreement that mandates that only goods made in India would be eligible for the tariff reductions. […]
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[ad_1] Two major sectors that have a dominant presence of Micro, Small and Medium-scale Enterprises (MSMEs) and are expected to gain immensely from the India-U.K. Free Trade Agreement are textiles and engineering. Elimination of tariffs on textiles and garments from the earlier average level of 12% will remove the duty disadvantage that the Indian exporters […]
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[ad_1] Mr. Siva Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports | Photo Credit: The Hindu The reciprocal tariff imposed by the U.S. posed a formidable challenge at it would induce business volatility and margin pressure, however, the implementation of India-U.K. FTA was likely open newer market opportunities, said Sivaramakrishnan Ganapathi, Vice Chairman and […]
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[ad_1] The story so far: After nearly three-and-half years, India and the U.K. finally gave their nod to a Free Trade Agreement (FTA) this week. Commerce Minister Piyush Goyal said the pact would set a new benchmark for “equitable and ambitious trade between the two large economies”. Though the fineprint has not yet been made […]
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[ad_1] Image used for representation | Photo Credit: Reuters The lower import tariffs of 10% on the auto sector agreed under the India-United Kingdom Free Trade Agreement will incorporate different bands for automobiles for the purposes of the quota, according to a senior government official. “The quota will have different bands for ICE (internal combustion […]
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[ad_1] The story so far: Bringing to a conclusive end negotiations that lasted for nearly three-and-half years, India and the United Kingdom agreed to move ahead with the free trade agreement (FTA). Commerce Minister Piyush Goyal said the trade agreement would set a new benchmark for “equitable and ambitious trade between two large economies”. He […]
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[ad_1] Congress President Mallikarjun Kharge with senior party leader Sonia Gandhi during the 85th Plenary Session of the Indian National Congress, in Raipur on February 25, 2023. | Photo Credit: PTI Congress economic resolution identifies job creation as the cornerstone of policy making The Congress, terming employment generation as the core and foundation of its […]
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[ad_1] Anupriya Singh Patel. File. | Photo Credit: PTI Trade in goods, including passenger vehicles, is one of the areas under the negotiations for a proposed free trade agreement between India and the U.K., Parliament was informed on December 9. India and the U.K. have so far completed five rounds of negotiations for a proposed […]
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[ad_1] Fixing legal, tax and regulatory complexities is as critical to boost economic ties as the trade pact, says U.K. India Business Council Fixing legal, tax and regulatory complexities is as critical to boost economic ties as the trade pact, says U.K. India Business Council Legal and regulatory impediments in India continue to be a […]
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[ad_1] The Union Minister said that Australia, Israel and the Gulf Cooperation Countries have expressed interest to forge FTAs with India, along with Eurasia and Brazil The Union Minister said that Australia, Israel and the Gulf Cooperation Countries have expressed interest to forge FTAs with India, along with Eurasia and Brazil Union Minister Piyush Goyal […]
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