As tariffs loom, the UK-India trade deal is all the more important

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As tariffs loom, the UK-India trade deal is all the more important

//business-finance.news-articles.net/content/202 .. -india-trade-deal-is-all-the-more-important.html

Published in Business and Finance on Monday, February 10th 2025 at 14:00 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Tariffs are the road to ruin. But the UK still has many opportunities with trade partners like India, writes Lord Mayor Alastair King.

2025-02-10 195 x 130 / 4632 Bytes

The article discusses the urgency of finalizing a free trade agreement (FTA) between the UK and India, especially in light of potential new tariffs that could affect UK exports. The UK is pushing for a deal to reduce tariffs on goods like whiskey and cars, which currently face high import duties in India. The negotiations, ongoing for over two years, aim to enhance economic ties post-Brexit, with the UK seeking better market access for its services and goods. However, the talks have been complicated by issues like India's demand for more visas for its citizens and the UK's push for lower tariffs on electric vehicles. The looming threat of new tariffs, particularly from the EU, adds pressure to conclude the deal swiftly to safeguard UK trade interests.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/as-tariffs-loom-the-uk-india-trade-deal-is-all-the-more-important/ar-AA1yITKu ]