SNAPSHOTS

With Elections Behind Them, the U.K. and India Resume Trade Talks

Jul 17, 2024 | 19:44 GMT

A swarm of drones make an Indian flag in the sky over New Delhi, India, on Jan. 29, 2022.
A swarm of drones make an Indian flag in the sky over New Delhi, India, on Jan. 29, 2022.

(Pallava Bagla/Corbis via Getty Images)

The United Kingdom and India will soon resume talks to finalize a free trade agreement (FTA) that could lower tariffs and enhance market access for goods and services; however, negotiations will face challenges due to U.K. immigration and climate policies affecting Indian workers and imports, respectively, which could outweigh the benefits of tariff reductions in a prospective trade deal. Since January 2022, India and the United Kingdom have been working toward finalizing a comprehensive trade agreement. However, negotiations were put on ice in March in light of upcoming elections in both countries, with India holding general elections in April-June, followed by the United Kingdom's general ballot on July 4. According to Indian and U.K. government officials, now that both elections are over, trade talks are set to resume, with negotiators from both sides reportedly set to hold the next round of talks later in July to address pending issues and...

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