India-UK Trade Deal Signals Modi's Priorities
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Britain and India signed a landmark free trade agreement on Thursday during a visit to the UK by Prime Minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and cars and allow more market access for businesses.
Based on the key features of the DCC highlighted in the side letters, let's examine the implications for Indian employees assigned to work in the UK.
The agreement promises duty-free access to UK markets for several sectors that form the backbone of Punjab’s economy, including textiles, cycle parts, auto components, sports goods, and agribusiness.
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Indian exports are set to benefit from duty elimination on about 99 percent of the tariff lines, covering almost 100 percent of the trade value, especially aiding labour-intensive shipments of textiles,
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India-UK trade deal: These states and sectors may benefit most from tariff cuts; full list here
India and the UK are signing a trade agreement. This deal will remove tariffs and make trade easier. Maharashtra will export more engineering goods an
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UK deal gold standard for trade negotiations with other partners: Piyush Goyal
Highlighting the global significance of the agreement, Piyush Goyal asserted that the FTA reflects India's growing relevance on the world stage.
News18, Doraiswami said initially Starmer was to visit India in the third week of July, however, the plan changed after the 51st G7 Summit at Kananaskis, Canada
The landmark agreement between the two countries aims to reduce tariffs on a range of goods including textiles, whisky and cars, while improving market access for businesses on both sides.
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