UK-INDIA TRADE TALKS RESTARTED IN NEW DELHI
Britain's Business and Trade Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal are set to meet in New Delhi on Monday to restart talks on a UK-India trade deal, with the British government seeking to secure a lucrative agreement with the world's fifth-largest economy. The trade relationship between the two nations is worth £41 billion ($51.8 billion), and securing a deal is seen as a top priority for Britain. A successful agreement could boost British exports and create jobs in the wake of Brexit.
- The UK's pursuit of an India trade deal reflects its growing recognition of the significance of emerging markets, particularly in Asia, where India and China are set to dominate global economic growth.
- Will the UK be able to navigate the complexities of India's complex bureaucracy and regulatory environment to achieve a mutually beneficial trade agreement that meets both nations' needs?