India-UK FTA Impasse Struggling to Define Priorities Delays Negotiations

19 Jan, 2024

The anticipated free trade agreement (FTA) between India and the United Kingdom faces potential delays due to unresolved differences, particularly concerning trade in goods and services, as reported by the Financial Times.

Progress in opening up Indian markets to British professional services, such as law and accountancy firms, has reportedly slowed, indicating significant hurdles in negotiations.According to the report, officials suggest that India is currently grappling with the challenge of distinguishing between its wants and needs in the context of the FTA.

The complexity of these negotiations is underscored by a senior British official, who highlighted the inherent risk of focusing too narrowly on specific aspects.If successfully negotiated, the FTA would mark India's first comprehensive deal with an industrialized nation.

A recent report by the Economic Times suggested that India and the UK were expected to sign the proposed FTA by the end of the month.

In a gesture of commitment, India extended an invitation to the UK Prime Minister to visit, emphasizing the importance of finalizing the deal. However, the evolving dynamics and challenges in negotiations raise uncertainties about the timeline for the agreement's fruition.

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