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
Trend line on India-UK FTA very positive, says High Commissioner Doraiswami.
Aug 16, 2023
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 and the complexities of our economies. So, getting the right fit together is very important,, he said.
The senior diplomat closely involved with the FTA negotiations, which began in January last year, noted that it is important that the UK side recognises some of the complexities of the structure of the Indian economy.
,It can't be the same as a free trade agreement with a peer-developed country. On the other hand, we too have to take into account the fact that the UK hasn't actually negotiated many free trade agreements in recent years when it was part of the European Union. So, there are those things that have to be adjusted. But overall, the trend line seems very positive,, he said.
The 11th round of negotiations concluded on July 18, with a joint outcome statement saying it covered detailed draft treaty text discussions across nine policy areas. According to official UK government statistics, the bilateral trade partnership was worth around GBP 36 billion in 2022 and an FTA is set to significantly enhance that relationship.
Commerce Secretary Sunil Barthwal said the 11th round of talks in London was ,very intense, and many issues got closed.
Out of the total 26 chapters in the proposed FTA, 19 have been closed. Investment is being negotiated as a separate agreement (bilateral investment treaty) between India and the UK.
,Now, there are only a few issues left. The UK team is coming to India during the Trade and Investment Working Group (TIWG) meeting (in Jaipur) and we are hoping that we would be closing those remaining issues.
,So, our target is that we close the issues with the UK when the UK team visits us in India and we are very hopeful that the issues will be sorted out,, Barthwal told reporters in New Delhi on Monday.
,I think our government has been very clear that we want the best possible partnership with the UK and, I believe, from what I hear from the UK leadership on both sides of the political aisle as well as from the senior leadership of the government here, that they too want a forward-looking partnership with us,, said Doraiswami.
Noting that India-UK history is a complex one, he stressed the importance of the bilateral partnership after 76 years of Independence from colonial rule to be informed by what happened in the past but not allow ,ourselves to become prisoners of it,.
,It's important that we build a relationship that touches upon our respective strengths. London is still one of the world's great capitals of finance, for instance. India is the future direction of global growth. There is an obvious synergy between the need for high-quality, well-priced finance for our infrastructure rollout, for our green transitions. And, there is obviously a need for quality finance to find the best possible rewards in terms of places to go to invest. Both of these obviously speak for themselves,, he said.
Asked about the recent visit to India of UK Security Minister Tom Tugendhat, who announced a GBP 95,000 fund to tackle Pro-Khalistan Extremism in the wake of an attack on the High Commission in London in March, the High Commissioner said it marked a milestone moment in enhancing the security pillar of the bilateral partnership.
,We live in an uncertain and often challenging world, increasingly so... It makes absolute sense for countries like the UK and India to work much more closely together to recognise that there are more complex challenges than the simple ones that people talk about. It's not just nation-states alone. There are challenges in terms of what is happening among communities, how communities are being radicalised, how it is changing the shape of domestic politics,, he said.
,In all of this, it is important for countries like the UK to work with us because we too have an understanding of how some of this happens. So, the visit of Security Minister Tugendhat last week is a very important milestone and I think he would have come back with a strong sense of how keen we are to make a proper, viable functioning security pillar part of our partnership,, he added.
On the business aspect of the relationship, the envoy pointed to how Indian businesses have built a huge presence in the UK market and stressed that ,it is really now time that we got more British businesses into India as well,.
economictimes.indiatimes.com
Archive