A delegation from the UK is currently in India for discussions on a proposed trade agreement. The main points of discussion may include the British request for a reduction in customs duties on electric vehicles.
The negotiations for the free trade agreement have gone through 13 rounds, with the 14th round starting in January. Key issues like goods and services will be addressed by the chief negotiators of both countries during this visit. Additionally, talks on a potential bilateral investment treaty are also in progress.
The agreement covers various aspects like goods, services, investments, and intellectual property rights.
Both sides have specific demands, with India pushing for easier access for skilled professionals in sectors like IT and healthcare in the UK, while the UK is looking for reduced import duties on items like scotch whiskey, electric vehicles, and certain food products.
The UK is also interested in expanding its services in the Indian market, particularly in areas like telecommunications, legal, and financial services. The bilateral trade between India and the UK saw an increase to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22.
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