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Post by Totheleft on Mar 12, 2024 19:35:52 GMT
India has signed a free-trade agreement (FTA) with a group of four European countries that are not members of the European Union.
The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn), the country's trade minister says.
The EFTA is made up of Norway, Switzerland, Iceland and Liechtenstein.
The announcement comes as the UK and India have been holding negotiations over an FTA for the last two years.
Meanwhile in Britain
In the UK, the task of clinching a deal may not fall to Prime Minister Rishi Sunak, whose Conservative Party is more than 20 percentage points behind Keir Starmer’s Labour Party in opinion polls. A British general election is expected to be held in the second half of the year.
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A free-trade agreement with India, the most populous nation on the planet and fastest-growing major economy, is being touted by Sunak’s government as a key prize of Brexit. However, negotiations that were meant to be concluded by the Hindu festival of Diwali in October 2022 have been plagued by disputes over everything from visas for Indian workers and students to market access for UK makers of whisky and premium cars.
So far, new FTAs have only been agreed with Australia and New Zealand, and those deals have riled British farmers. Talks with Canada were “paused” earlier this year, with the two sides unable to reach agreement on issues around food safety standards
It shows India is willing to do with European countries but dragging it's feed the inreguards to Britain.
But it looks like if one goes though it will be with a labour Government.
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Post by Dogburger on Mar 12, 2024 19:52:57 GMT
India has signed a free-trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn), the country's trade minister says. The EFTA is made up of Norway, Switzerland, Iceland and Liechtenstein. The announcement comes as the UK and India have been holding negotiations over an FTA for the last two years. Meanwhile in Britain In the UK, the task of clinching a deal may not fall to Prime Minister Rishi Sunak, whose Conservative Party is more than 20 percentage points behind Keir Starmer’s Labour Party in opinion polls. A British general election is expected to be held in the second half of the year. __Placeholder Value__ Sign up for The Readout newsletter. Get essential insight from Allegra Stratton and Bloomberg's top reporters on stories that matter for the UK. Enter your email Bloomberg may send me offers and promotions. By submitting my information, I agree to the Privacy Policy and Terms of Service. A free-trade agreement with India, the most populous nation on the planet and fastest-growing major economy, is being touted by Sunak’s government as a key prize of Brexit. However, negotiations that were meant to be concluded by the Hindu festival of Diwali in October 2022 have been plagued by disputes over everything from visas for Indian workers and students to market access for UK makers of whisky and premium cars. So far, new FTAs have only been agreed with Australia and New Zealand, and those deals have riled British farmers. Talks with Canada were “paused” earlier this year, with the two sides unable to reach agreement on issues around food safety standards It shows India is willing to do with European countries but dragging it's feed the inreguards to Britain. But it looks like if one goes though it will be with a labour Government. Don't know what you are trying to suggest Lefty , the EFTA/India trade talks have been going on for 16 years . If it takes the UK that long to sign on the dotted line we will be somewhere approaching 2040 . So it doesn't show anything but the fact you haven't checked your own facts in your excitement of trying to put down Brexit . |
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Post by witchfinder on Mar 12, 2024 20:13:10 GMT
One of the very top original arguments put forward by the Brexiteers, was that we could do lots of trade with the old Commonwealth, as though all we had to do would be to knock on the door of India, Australia, New Zealand and others, and they would be oh so glad to sign a trade deal with us immediately.
But obviously in the real world things are very different, and as totheleft has rightly pointed out, just about the only FTA so far signed has upset British farmers.
But hopefully, and if the polls prove to be anywhere near correct, the trade agreement we have with the EU will be torn up, and a better deal will be reached with a government that does not see the EU as our enemy.
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Post by wapentake on Mar 12, 2024 20:26:52 GMT
One of the very top original arguments put forward by the Brexiteers, was that we could do lots of trade with the old Commonwealth, as though all we had to do would be to knock on the door of India, Australia, New Zealand and others, and they would be oh so glad to sign a trade deal with us immediately. But obviously in the real world things are very different, and as totheleft has rightly pointed out, just about the only FTA so far signed has upset British farmers. But hopefully, and if the polls prove to be anywhere near correct, the trade agreement we have with the EU will be torn up, and a better deal will be reached with a government that does not see the EU as our enemy.And it will be a govt that despises and holds only contempt for the people who voted leave whilst shouting democracy from the rooftops. |
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Post by Pacifico on Mar 12, 2024 22:08:31 GMT
India has signed a free-trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn), the country's trade minister says. The EFTA is made up of Norway, Switzerland, Iceland and Liechtenstein. The announcement comes as the UK and India have been holding negotiations over an FTA for the last two years. Meanwhile in Britain In the UK, the task of clinching a deal may not fall to Prime Minister Rishi Sunak, whose Conservative Party is more than 20 percentage points behind Keir Starmer’s Labour Party in opinion polls. A British general election is expected to be held in the second half of the year. __Placeholder Value__ Sign up for The Readout newsletter. Get essential insight from Allegra Stratton and Bloomberg's top reporters on stories that matter for the UK. Enter your email Bloomberg may send me offers and promotions. By submitting my information, I agree to the Privacy Policy and Terms of Service. A free-trade agreement with India, the most populous nation on the planet and fastest-growing major economy, is being touted by Sunak’s government as a key prize of Brexit. However, negotiations that were meant to be concluded by the Hindu festival of Diwali in October 2022 have been plagued by disputes over everything from visas for Indian workers and students to market access for UK makers of whisky and premium cars. So far, new FTAs have only been agreed with Australia and New Zealand, and those deals have riled British farmers. Talks with Canada were “paused” earlier this year, with the two sides unable to reach agreement on issues around food safety standards It shows India is willing to do with European countries but dragging it's feed the inreguards to Britain. But it looks like if one goes though it will be with a labour Government. Yes, this was reported last week. India are stalling on an FTA because they think an incoming Labour Government will give them more immigration visas and better access to welfare benefits. Apparently this was promised by the Labour delegation who met the Indian Trade Minister. |
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Post by Dogburger on Mar 12, 2024 22:21:44 GMT
One of the very top original arguments put forward by the Brexiteers, was that we could do lots of trade with the old Commonwealth, as though all we had to do would be to knock on the door of India, Australia, New Zealand and others, and they would be oh so glad to sign a trade deal with us immediately. But obviously in the real world things are very different, and as totheleft has rightly pointed out, just about the only FTA so far signed has upset British farmers. But hopefully, and if the polls prove to be anywhere near correct, the trade agreement we have with the EU will be torn up, and a better deal will be reached with a government that does not see the EU as our enemy. Could being the operative word as to couldn't as members of the EU . Bi lateral trade between the UK and India has increased around 10% per annum since Brexit and with that trend continuing will reach £50 billion by 2025 . Trade deal or no we are doing OK with the old Commonwealth |
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Post by jonksy on Mar 12, 2024 22:42:56 GMT
I wonder if labour will still be so eager to sign up with an Idian trade deal now india has implemented a citizenship law that excludes Muslims?
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Post by Bentley on Mar 12, 2024 22:44:13 GMT
I wonder if labour will still be so eager to sign up with an Idian trade deal now india has implemented a citizenship law that excludes Muslims
Good point 👍 |
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Post by witchfinder on Mar 13, 2024 0:00:06 GMT
I wonder if labour will still be so eager to sign up with an Idian trade deal now india has implemented a citizenship law that excludes Muslims?
The Indian Prime Minister is a "Hindu Nationalist", and even I know that a lot of Hindus in India detest the man, I know of Hindus here in the UK who detest him. India is a secular state with no official religion, and where all faiths are equal, but Modi wants to pursue policies which divide the people, and if he's not careful it could turn very nasty, and it would be Modi to blame if sectarian fighting breaks out. |
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Post by jonksy on Mar 13, 2024 1:20:51 GMT
I wonder if labour will still be so eager to sign up with an Idian trade deal now india has implemented a citizenship law that excludes Muslims?
The Indian Prime Minister is a "Hindu Nationalist", and even I know that a lot of Hindus in India detest the man, I know of Hindus here in the UK who detest him. India is a secular state with no official religion, and where all faiths are equal, but Modi wants to pursue policies which divide the people, and if he's not careful it could turn very nasty, and it would be Modi to blame if sectarian fighting breaks out. So starmer and his rabble would feel right at home with that policy fiddles.... |
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Post by Totheleft on Mar 13, 2024 1:59:44 GMT
The Indian Prime Minister is a "Hindu Nationalist", and even I know that a lot of Hindus in India detest the man, I know of Hindus here in the UK who detest him. India is a secular state with no official religion, and where all faiths are equal, but Modi wants to pursue policies which divide the people, and if he's not careful it could turn very nasty, and it would be Modi to blame if sectarian fighting breaks out. So starmer and his rabble would feel right at home with that policy fiddles.... Something the Hindu MP Braverman be more at home with . |
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Post by Dogburger on Mar 13, 2024 8:41:27 GMT
I wonder if labour will still be so eager to sign up with an Idian trade deal now india has implemented a citizenship law that excludes Muslims?
The Indian Prime Minister is a "Hindu Nationalist", and even I know that a lot of Hindus in India detest the man, I know of Hindus here in the UK who detest him. India is a secular state with no official religion, and where all faiths are equal, but Modi wants to pursue policies which divide the people, and if he's not careful it could turn very nasty, and it would be Modi to blame if sectarian fighting breaks out. Polls show Modi as a clear winner in this year's elections ,it's not even a contest so I guess not as many people detest him as you think . |
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Post by Dan Dare on Mar 13, 2024 9:01:32 GMT
Could being the operative word as to couldn't as members of the EU . Bi lateral trade between the UK and India has increased around 10% per annum since Brexit and with that trend continuing will reach £50 billion by 2025 . Trade deal or no we are doing OK with the old Commonwealth £50 billion eh. That's impressive.
If true, it will mean that the 1.5 billion people in India are almost as important a market for British goods and services as the 25 million people of Scandinavia.
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Post by Dogburger on Mar 13, 2024 9:15:20 GMT
Could being the operative word as to couldn't as members of the EU . Bi lateral trade between the UK and India has increased around 10% per annum since Brexit and with that trend continuing will reach £50 billion by 2025 . Trade deal or no we are doing OK with the old Commonwealth £50 billion eh. That's impressive.
If true, it will mean that the 1.5 billion people in India are almost as important a market for British goods and services as the 25 million people of Scandinavia.
Yep , good to see more good news that trade with our European friends is alive and kicking |
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Post by Dan Dare on Mar 13, 2024 9:29:55 GMT
We might it more productive to mend a few fences with such friends than swanning all over the globe trying to sign trade 'deals' that will simply suck in more imports and more immigrants.
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