India-UK FTA: A Blueprint for Future Trade Triumphs
The India-UK Free Trade Agreement is hailed as a blueprint for future trade deals, potentially influencing talks with the EU. Bharti Enterprises' Sunil Mittal highlights its success as a model and sees opportunities for smaller enterprises. The agreement, which offers tariff benefits and business collaboration, could double bilateral trade.
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- India
In a landmark move, the India-UK Free Trade Agreement (FTA) is poised to become a benchmark for upcoming trade pacts with other global entities, notably the European Union. Bharti Enterprises' Founder, Sunil Mittal, praised the agreement's potential as a guiding framework for similar negotiations.
Mittal emphasized the strategic parallels between the UK and Western European markets, noting that the UK deal's strategies could prove effective in EU discussions. He underscored the agreement's significance, suggesting it could incrementally exert constructive pressure to accelerate trade talks with the EU.
The FTA not only promises to enhance economic collaboration but also provides substantial benefits for smaller enterprises and Indian nationals working in the UK. The agreement reduces tariffs and eases business operations, representing a vital opportunity for both nations to boost bilateral trade significantly.
(With inputs from agencies.)
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