UK FTA talks to resume today

LOWER DUTIES ON cars and insurance liberalisation address some of the key demands of the UK, but India may still not offer to write down the latest import duties or FDI limits in the FTA and commit to it unless it gets anything in return.

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"The changes have been done autonomously and can be reversed but if they become part of FTAs then companies in the UK will continue to enjoy the concession," founder of Global Trade Research Initiative Ajay Srivastava said.

Both Das and Srivastava were of the view that India should seek clarity on how the carbon tax that the UK will collect from January 2027 will be neutralised after the FTA. "If CBAM comes even after the FTA then the agreement does not make sense," Das said.