December 23, 2024
Liz Truss is confirmed as PM Boris Johnson’s successor.

Liz Truss is confirmed as PM Boris Johnson’s successor.

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The conclusion of the Comprehensive Free Trade Agreement (FTA) with India will be one of the priorities in the field of foreign policy for Liz Truss, who will become the next British Prime Minister after being elected as the leader of the conservative party.

Policy makers in New Delhi will also continue to oversee the attitude adopted by Truss in the Ukraine crisis, given that Prime Minister Boris Johnson who came out was one of the strongest supporters of Ukraine President Volodymyr Zelenskyy, and whether the new British government had just pushed forward with the slope to the slope Indo-Pacific direction.

India and Britain are on the track to conclude negotiations for comprehensive FTA by Diwali, and both parties have completed 19 of 26 chapters. Except for two chapters, the other five are problems that can be handled in one day session, two senior officials who know the development said.

The Indian negotiation team is expected to visit London immediately, but the trip can be postponed a week or 10 days for the new British government to complete, said people. Both sides are confident to meet the deadline for Diwali, which is the last week of October, said officials, asking for anonymity.

People who are familiar with this problem say even if both parties cannot solve all problems by Diwali, they want to conclude the earliest trade agreement. The British side also said that it was not interested in signing a temporary trading pact, said people.

Speaking of various FTAs ​​that are being negotiated by India, BVR Trade Secretary Subrahmanyam said on Saturday: “FTA Britain is very much on the path … Our fingers touch … the deadline when the Diwali will not be missed. Mark my words. “

One of the two officials mentioned above said that of the remaining seven chapters, two could take more time to be handled because it contained one or two interesting items for both sides, such as cars.

On the Indian side, the focus is to ensure a better agreement for the mobility of professionals and students, and increase exports in labor-intensive sectors such as leather, textiles, jewelry, processed agricultural products, marine products, medicines and health care.

One priority for the British is to cut significant obstacles faced by British business in exporting to India. Greater access to the Indian market, mainly because Indian middle class grows to a quarter of a billion consumers, will be seen as a big encouragement for British companies. The United Kingdom also saw tariff deductions for whiskey and cars and greater access to digital and legal services.

India and Britain ended the fifth round of the conversation for FTA on July 29. Experts from both parties held a discussion of detailed draft agreement text in 85 sessions which included 15 policy fields. Officials continue to work throughout the summer to the target to conclude most of the conversation about comprehensive FTA at the end of October, a joint statement said.

On the Indian side, the focus is to ensure a better agreement for the mobility of professionals and students, and increase exports in labor-intensive sectors such as leather, textiles, jewelry, processed agricultural products, marine products, medicines and health care.

One priority for the British is to cut significant obstacles faced by British business in exporting to India. Greater access to the Indian market, mainly because Indian middle class grows to a quarter of a billion consumers, will be seen as a big encouragement for British companies. The United Kingdom also saw tariff deductions for whiskey and cars and greater access to digital and legal services.

India and Britain ended the fifth round of the conversation for FTA on July 29. Experts from both parties held a discussion of detailed draft agreement text in 85 sessions which included 15 policy fields. Officials continue to work throughout the summer to the target to conclude most of the conversation about comprehensive FTA at the end of October, a joint statement said.

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