What difficulties are preventing the United Kingdom's envoy from visiting India for a Free Trade Agreement
The U.K. envoy, Rishi Sunak, is keen to visit India. However, there are several difficult issues that remain to be resolved before a Free Trade Agreement can be established between the two countries. What are some of these issues?
- The issue of tariff barriers: The U.K. and India have differing views on the reduction or elimination of tariff barriers on various products. Negotiating the terms for tariff reduction or elimination can be challenging.
- Market access for goods and services: India has concerns over the market access provided by the U.K. for Indian goods and services. Both countries need to address these concerns to ensure fair and equitable trade.
- Investment regulations: The U.K. and India have different investment regulations and policies. Harmonizing these regulations can be a complex process and requires careful negotiation.
- Intellectual property rights: Intellectual property rights protection and enforcement is a key concern for the U.K. and India. Agreeing on strong and effective measures to protect intellectual property can be a sticking point.
- Sanitary and phytosanitary measures: Ensuring food safety standards and agricultural regulations are met can be a challenge when it comes to trade negotiations. Finding common ground on these measures is crucial for bilateral trade.
- Data protection and privacy: With the rise of digital trade, issues related to data protection and privacy are becoming increasingly important. Establishing a framework for data sharing and protection is essential for successful trade agreements.
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a year ago