{"id":109190,"date":"2023-09-06T17:55:47","date_gmt":"2023-09-06T12:25:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109190"},"modified":"2023-09-06T17:55:54","modified_gmt":"2023-09-06T12:25:54","slug":"confident-in-reaching-a-cutting-edge-forward-looking-free-trade-agreement-british-prime-minister-rishi-sunak-on-trade-ties-with-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/confident-in-reaching-a-cutting-edge-forward-looking-free-trade-agreement-british-prime-minister-rishi-sunak-on-trade-ties-with-india\/","title":{"rendered":"Confident in reaching a cutting-edge, forward-looking free trade agreement: British Prime Minister Rishi Sunak on trade ties with India"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3526140413\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Wednesday British Prime Minister Rishi Sunak said there was \u201cstill some way to go\u201d for a free trade pact with India to be finalised, but appeared confident that the final outcome will be a &#8220;forward-looking&#8221; and &#8220;modern&#8221; deal that would benefit both sides and facilitate shared ambition of doubling trade by 2030.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-192680190\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The first British prime minister of Indian descent stated in an exclusive interview with PTI that the trade agreement might assist Indian exporters in gaining access to the British market, especially India&#8217;s 48 million small and medium-sized businesses.<\/p><p>&#8220;A modern, forward-looking free trade agreement can put us firmly on the path to our shared ambition of doubling UK-India trade by 2030,&#8221; Sunak said.<\/p><p>&#8220;It&#8217;s very exciting to have this opportunity to expand our trade relationship, and to be the first European country that India has negotiated a free trade deal with,&#8221; he said.<\/p><div class=\"trade-content_5\" id=\"trade-828047593\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The prime minister\u2019s responses to PTI\u2019s questions were sent by email.<\/p><p>India and the UK are currently negotiating an ambitious free trade agreement that is expected to open new vistas of economic engagement between the two countries.<\/p><p>&#8220;A trade deal could help Indian exporters gain access to the UK market, including India&#8217;s 48 million small and medium enterprises. We want a deal that slashes tariffs and red tape, helping Indian consumers and businesses get easier access to the UK goods they already enjoy,&#8221; he said.<\/p><p>The British premier said good progress has been made in the negotiations and that there is still some way to go to finalise the pact.<\/p><p>&#8220;We&#8217;ve made good progress in closing chapters. Round 12 of negotiations took place last month and were the hardest yet &#8212; covering complex, sensitive, and commercially meaningful issues including goods, services, and investment,&#8221; he said.<\/p><p>&#8220;There is still some way to go, but I&#8217;m confident we&#8217;ll be able to agree to a deal which works for both the UK and India,&#8221; he said.<\/p><div class=\"trade-content-10\" id=\"trade-3753245955\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;And, of course, we hope to go further still, including by finalising the first Free Trade Agreement India has ever agreed with a European country. I remain confident that we can strike a deal which benefits both the UK and India.&#8221; The British prime minister said every bit of the trade between the two countries represents new jobs, more choice for consumers and a stronger link between the British and Indian people.<\/p><p>&#8220;Our trade relationship is already worth Rs 3.5 lakh crore a year &#8212; I want that number to be even higher. Every bit of trade between our countries represents new jobs, more choice for consumers and a stronger link between the British and Indian people,&#8221; he said.<\/p><p>In April last year, the two sides had set a Diwali deadline for concluding the free trade agreement but the deal could not be finalised in view of differences over certain issues as well as political developments in the UK.<\/p><p>When Prime Minister Narendra Modi and his then-British counterpart Boris Johnson met virtually in May 2021, the India-UK relationship was upgraded to a Comprehensive Strategic Partnership.<\/p><p>At the summit, the two sides adopted a 10-year roadmap to expand ties in the key areas of trade and economy, defence and security, climate change and people-to-people connections among others.<\/p><div class=\"trade-after-content\" id=\"trade-1002308469\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Wednesday British Prime Minister Rishi Sunak said there was \u201cstill some way to go\u201d for a free trade pact with India to be finalised, but appeared confident that the final outcome will be a &#8220;forward-looking&#8221; and &#8220;modern&#8221; deal that would benefit both sides and facilitate shared ambition of doubling trade by 2030. The first [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-109190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Confident in reaching a cutting-edge, forward-looking free trade agreement: British Prime Minister Rishi Sunak on trade ties with India - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Wednesday British Prime Minister Rishi Sunak said there was \u201cstill some way to go\u201d for a free trade pact with India to be finalised, but appeared confident that the 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