Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
New UK India Industry Taskforce launched to facilitate free trade deal.
May 10, 2022
A new UK India Industry Taskforce, a joint commission to increase cross-industry collaboration and push the UK-India Free Trade Agreement (FTA) over the line, was launched on Monday.
The Confederation of British Industry (CBI) and the Confederation of Indian Industry (CII) have created the new taskforce as part of a memorandum of understanding to provide a 'critical forum' for discussion to ensure the FTA works to the benefit of businesses in both countries.
The joint commission is designed to provide oversight and meet ahead of key milestones to reflect views on trade-offs, breakdown barriers to market access and help feed in on-the-ground business intelligence at a ministerial level in India and the UK.
'I look forward to working with CII on this new commission to strengthen our ties across trade, investment, climate and health as our countries recover from the twin shock of Covid and the Ukraine crisis,' said CBI President Lord Karan Bilimoria.
'A free trade agreement with the world's fastest growing economy is now within touching distance, and to clinch that deal a focus on lowering barriers to trade is now essential.
'For example, on renewables, we have an opportunity to export UK's expertise in clean tech. A deal has the potential to drastically lower tariffs on wind turbines parts that are currently as high as 15 per cent,' he said.
More broadly, a deal anchored in slashing tariffs, improving the ability to move talent across borders as well as data, will unlock plenty of prizes across a host of sectors from services and life sciences to tech and innovation, the Indian-origin peer and entrepreneur said.
During a visit to India last month, British Prime Minister Boris Johnson revealed that the negotiators have been set a timeline of Diwali in October to complete a draft FTA.
The negotiating teams have since completed the third round of talks in New Delhi, with a focus on reducing the barriers to trade, cutting tariffs, and supporting firms to export.
According to the CBI, reducing tariffs on green exports such as solar, onshore, and offshore wind, could open up new opportunities for companies in India, with an FTA with India expected to nearly double UK exports to India.
A trade deal is also expected to boost Britain's total trade by as much as 28 billion pounds (USD 34 billion) a year by 2035 and increase wages across the UK regions by 3 billion pounds (USD 3.6 billion), according to industry estimates.
'This partnership is an opportunity to address shared concerns, identify common interests and foster greater understanding and to develop capacity to address the issues of economic and global concerns,' CII Director-General Chandrajit Banerjee said of the new UK India Industry Taskforce.
'The collaboration between CII and CBI will cover joint efforts in specific areas such as advancing technology and digitalisation, climate change and sustainability, multilateral collaboration, alignment on FTA and education. As we build upon this renewed partnership today, we are eager and excited to be working together with a focused approach,' he said.
Between them, the two industry organisations say they represent over 300,000 businesses of all sizes across both countries.
economictimes.indiatimes.com
Archive