“The agreement text will be publicly released only after this phase is completed,” one of the officials said. “Both sides will review each chapter, and the FTA will not take immediate effect due to procedural formalities.” Legal vetting or ‘scrubbing’ is the final review of a trade agreement’s text to ensure legal clarity, consistency, and…
The agreement promises to enhance economic engagement and reshape global value chains. Indian industry contributes extensively to the UK’s economy. According to the Confederation of Indian Industry’s (CII) India meets Britain Tracker 2024 report, the number of Indian companies in the UK was estimated at more than 970, contributing about £1.17 billion to the UK’s…
Milan: India accords a high priority to the free trade agreement (FTA) with the European Union (EU), and a deal is achievable by the year-end given the shared urgency, finance minister Nirmala Sitharaman said on Tuesday. Speaking at a conference on ‘cross border collaboration for future resilience’ on the sidelines of the Asian Development Bank’s…
As climate change accelerates, tree plantation and carbon sequestration are essential for environmental sustainability. For India, a rapidly growing economy reliant on carbon-intensive industries, expanding tree cover is crucial for mitigating climate change while supporting industrial growth and rural livelihoods. India’s forest and tree cover is 25.17%, significantly below the 33% target set by the…
To be sure, progress on India’s FTA with the European Union has not been insubstantial. Both sides have committed themselves to signing it by the end of this calendar year. When it happens, it will be the world’s largest deal of its kind. A trade pact between both sides will not just strengthen our trade…
Although Indian officials are pushing for a similar negotiating arrangement with the UK, the British have not yet agreed to this request, the people cited above said. Negotiations on the Carbon Border Adjustment Mechanism (CBAM)—which proposes taxing imports of carbon-intensive products such as iron and steel, cement, aluminium and fertilizer—were earlier kept out of the…
