Context:
India and the UK are most likely going to resume discussions regarding their proposed Free Trade Agreement (FTA) in the period from April to June, which is the first quarter of the UK’s fiscal year.
Key Highlights:
- All the chapters, covering about 26 of them to be negotiated, include goods, services, investments, intellectual property rights in their bilateral investment treaty discussions.
- The UK has agreed to a regime of work visas that will allow Indian professionals to live in the UK and work, subject to the possibility of future renewals, for a specified period.
- In return, India may allow a predetermined number of premium electric vehicles to be imported into the country with reduced duties on an annual basis.
