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India, UK eye interim pact to help clinch major trade deal in a decade

An interim agreement is expected by the end of the year that would give British medical devices and agricultural products access to Indian markets, while widening the scope of employment in the U.K.

Photo: Bloomberg
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The initial deal would form part of the broader free trade agreement which would slash tariffs on a range of items, facilitate investments. (Photo: Bloomberg)

Shruti Srivastava and Sudhi Ranjan Sen | Bloomberg
India and the U.K. are intensifying talks to remove non-tariff barriers and foster greater market access as they work to stitch together the South Asian nation’s first major free trade pact in a decade.

The two countries have zeroed in on a list of achievable items that would help the U.K. showcase the benefits of leaving the European Union while also allowing India to forge new bilateral ties after Prime Minister Narendra Modi’s government pulled out of a multilateral Asia trade pact in 2019, according to people with the knowledge of the matter in the capital, New Delhi.

They expect to finalize

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