Business

Rishi Sunak Sets Conditions For Trade Deal With India

Prime Minister Rishi Sunak emphasized the importance of securing a trade agreement with India that benefits the entire United Kingdom during a meeting with his ministers on Tuesday. He discussed ongoing negotiations for a free trade deal and reaffirmed his commitment to an approach that works for all regions of the UK. Sunak’s remarks came ahead of his trip to the G20 summit in India later this week.

Also Read: Reigniting Name-Change Debate: ‘Prime Minister Of Bharat’ Stirs Controversy

India views a trade deal with Britain as crucial for expanding its export opportunities, while the UK, eager to explore new trade avenues after Brexit, anticipates broader access for its products such as whisky, premium cars, and legal services.

However, several key issues remain unresolved, including intellectual property rights, rules of origin, and an investment treaty. Campaigners have urged Britain to avoid demanding provisions that could negatively impact India’s generic drugs industry and lead to higher product costs.

Also Read: NASA Satellite Captures Image Of Chandrayaan-3 Lander On Moon

Last month, India’s Finance Minister, Nirmala Sitharaman, expressed optimism about concluding negotiations for a free trade agreement with the UK by the end of the year. “A free trade agreement with the UK is very close to realization,” she stated.

Priyanka Rai

Recent Posts

PM Modi Meets Bhutan PM Tobgay At BIMSTEC Summit; Highlights Strong Bilateral Ties & Regional Cooperation

PM Narendra Modi met Bhutanese PM Tshering Tobgay on the sidelines of the 6th BIMSTEC…

5 hours ago

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

7 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

8 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

9 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

9 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

10 hours ago