The India-UK free trade agreement promises to increase bilateral trade by 25.5 billion pounds sterling, with pricing reductions on 99% of Indian exports and 90% of British imports. Explore the main advantages of both countries.
* 99 PC Indian Exports to benefit from zero duty on the British market
* Indian import rights will be reduced, locking the discounts on 90 pc of tariff lines, 85 pc of these becoming entirely without a decade.
* The prices of whiskey and gin will be halved by 150 pc to 75 pc before reducing 40 pc over ten years from the agreement
* The car rates will drop from more than 100 pc to 10 pc under a quota
* Other goods with reduced import rights, which can open markets and make trade cheaper for Indian businesses and consumers, include cosmetics, aerospace, lamb, medical devices, salmon, electric machines, soft drinks, chocolate and cookies
* British buyers could see cheaper prices on products, including clothing, shoes and food products, including frozen shrimp, the United Kingdom liberalizes prices
* The agreement is expected to increase the bilateral trade by 25.5 billion pounds sterling, the GDP of the United Kingdom of 4.8 billion pounds sterling and wages of 2.2 billion pounds sterling each year in the long term.
* Obstacles to trading will be abandoned, India agreeing to reduce prices on a multitude of products, including whiskey, medical devices, advanced machines and lamb, making British exports more competitive
* Opens export opportunities for sectors with high intensity of labor such as textiles, sea products, leather, shoes, sports products and toys, jewels and jewelry, engineering products, car and engine and biological chemicals
* Significant garbage of services, such as IT / IT, financial services, professional services, other commercial services and educational services
* Huge victory with a three-year exemption from social security payments for Indian employees working in the United Kingdom
* The bilateral trade scheduled by 2030 from $ 60 billion
* India will draw from the elimination of prices on approximately 99 pc of pricing lines covering nearly 100 pc of commercial value offering enormous opportunities to increase bilateral trade between India and the United Kingdom
* India will benefit from the commitment of the United Kingdom Ale in services such as IT / ITES, Financial, Professional and Educational Services
* The ALE facilitates the mobility of professionals, including contractual service providers; Corporate visitors; Investors; Intra-company transferred; partners and children dependent on intra-corporate transfer having the right to work; and independent professionals such as yoga instructors, musicians and chefs
* India guarantees significant commitments to digitally delivered services such as architecture, engineering, computer and telecommunications services
* The exemption for Indian workers who are temporarily in the United Kingdom and their employers to pay social security contributions in the United Kingdom for a period of three years under the double contribution agreement will lead to significant financial gains for Indian service providers and strengthen their competitiveness in the United Kingdom.
* India guarantees that non -tariff obstacles are properly discussed to guarantee the free movement of goods and services and that they do not create unjustified restrictions to its exports.
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