The United Kingdom and India have been involved in a Free Trade Agreement. According to international law, it is an agreement to create a free-trade region between the cooperating governments. FTAs are a type of trade agreement that regulates import and export duties and fees with the goal of lowering or removing trade barriers and advancing international trade. Here are the details of this trade agreement between India and the UK states.
Free Trade Agreement Between UK & India
According to trade minister Kemi Badenoch, as part of negotiations for a free trade agreement with India, Britain will talk about short-term business visas. However, any agreement would not guarantee greater immigration obligations or give Indian workers access to the British labour market.
In January of last year, Britain and India began trade negotiations. Moreover, Prime Minister Rishi Sunak has emphasised that he will not compromise quality for speed in those talks.
Suella Braverman, the interior minister, created controversy last year. She made remarks regarding the potential influence of Indian immigrants on trade negotiations. She expressed concern about any open borders migration policy with India as well as about people who overstay their visas.
Kemi Badenoch outlined Britain’s position and avoided making disruptive political off-stage noises. This was in response to a question about how the government makes sure it speaks with everyone on migration. Also, regarding the mobility in relation to a UK-India trade agreement.
No Commitment To Border Immigration
In a letter to legislators that was published on Thursday, she stated that an FTA with India will not contain commitments on immigration or provide access to the UK domestic labour market.
Additionally, no agreement will be reached on anything that undermines the fundamentals or operation of the UK’s points-based immigration system, or that undermines the UK’s capacity to control its own border. She went on to say that business mobility, which would facilitate highly trained people providing services in one other’s markets temporarily, will be a topic of discussion during the discussions.
Any further details on this matter are not disclosed yet. After the negotiation, people will get a clearer idea of what this agreement holds.
Cover Image Courtesy: Narendra Modi/ Twitter