Exclusive | India pushes post-Brexit UK for easier visa norms, lower trade barriers
Ahead of Boris Johnson s visit later in 2021, India and the UK are sitting at the negotiation table.
Indian Prime Minister Narendra Modi (left) and UK Prime Minister Borris Johnson (right).
With the UK keen on signing a bilateral trade pact soon, India has pushed hard for the removal of tough visa regulations restricting hiring by Indian firms in Britain, asked the UK to instill measures to boost more outward Foreign Direct Investment flows and dismantle practices limiting drug manufacturing by Indian firms based in Britain, as the first steps to close a proposed bilateral trade pact, according to sources.
When the United Kingdom (UK) releases the highly anticipated integrated review of its foreign, defence, security and development policy in March, it will mark the first formal iteration of the UK’s Indo-Pacific strategy. This brief explores the dynamics that are driving the UK’s tilt to the Indo-Pacific. It identifies three key drivers that are prompting the shift: a reappraisal of China, the economic fallout of Brexit, and the UK’s close ties with the US. It explores the emerging trends in this churn across security, trade, development, and diplomatic domains and highlights the opportunities they afford the India-UK relationship.
Foreign Secretary Dominic Raab (Image: GETTY)
“I am proud to be pushing on with our Enhanced Trade Partnership, which will secure more high-quality jobs as we work towards a full free trade agreement.”
Her optimism was backed up by Nayan Gala, Founding Partner at venture capitalist firm JPIN VCATS.
He said: It s great to see that the UK and Indian governments have agreed to an enhanced trade partnership.
Boris Johnson on Brexit (Image: Express)
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“India is a 21st-century powerhouse the UK-India trading relationship is already worth almost £24 billion, with 383 Indian companies in the UK employing more than 82,000 people.
“The ETP will help to fuel economic recovery in a post-Brexit, post-Covid UK and really allow the UK to benefit from the immense growth India is about to experience in the coming decade.