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India-UK relations
Why is it in news?
- Britain has acknowledged that securing a Free Trade Agreement with India will not be its immediate priority as it prepares to leave the EU and focusses on “first-tier” countries.
- Instead, Britain would initially focus on tackling existing barriers to trade.
More in news
- Approach to securing post-Brexit trade deals: Department of International Trade (DIT)’s approach to securing post-Brexit trade deals is that the Department would first focus on securing FTAs that were “relatively simple” and “where there was clear mutual advantage.”
- First barriers to trade to deal with: Rather than going straight for an FTA with India, the DIT are looking first at how to deal with other barriers to trade and that this would build towards a future trading relationship.
- Ease of Doing Business Index: UK said, while it was a positive step that India had risen by 53 ranks in the ‘Ease of Doing Business Index’ between 2016 and 2018, the fact that it remained at position 77 suggested that there are still lot of difficulties that are there.
- Visa issue: UK said the Chinese visa was simply a pilot whose efficacy was still being examined, and if this were to be found suitable, could potentially be replicated for India in the future.
Source
The Hindu