Govt says UK FTA has enough safeguards

AFTER SIGNING, THE ratification process of the FTA would take another year in the UK's Parliament and only after that it would be ready for implementation, he added.

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Apart from the phased cut in duties to 10% from 100% and a quota on the number of vehicles that can be imported on concessional duties, there will be further differentiation in tariffs based on price and engine capacity of the product.

In the FTA, while the UK has agreed to cut tariffs of 99% of the products to zero with immediate effect, India will reduce tariffs on 90% of UK exports with 85% of these tariff lines becoming tariff free within 10 years.