The UK India Business Council welcomes the launch of the UK Government’s 14-week business consultation in preparation for UK-India FTA negotiations.
This crisis will pass and both the UK and Indian economies are anticipated to grow significantly during 2021 with the UK forecast to grow at more than 7 percent and India at over 10 percent.
It is also hugely encouraging that lowering or removing current tariffs such as those of up to 150 per cent on whisky and up to 125 per cent on automotive have been highlighted as objectives of the ETP and FTA negotiations.