Food & drinks, pharma to be part of India-UK pact: Jayant Krishna, CEO, UKIBC

Economy


NEW DELHI: Lower tariffs on food, drinks and chemicals, along with a robust intellectual property rights (IPR) regime in India could be a few elements of the India-UK early harvest trade deal, said Jayant Krishna, Group CEO, UK-India Business Council.

Krishna also said a trade deal between the UK and EU could be a prelude to a pact between India and the UK. Last month, India and the UK affirmed their commitment to negotiate an FTA which would be preceded by early harvest deals in a staged manner.

India has said that the two sides can settle on the terms for the first 25-50 items for an early harvest deal. While New Delhi can offer textiles, furniture, pharma, industrial machinery and leather to the UK, it is keen on high quality cameras, automobiles and spirits in return.

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