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Why an India-UK Trade Agreement does not facilitate the US-India agreement


CNBC Reporter Ganesh Rao India Trade Secretary Piyush Goyal

© George Bextor, CNBC

Hello, this is Ganesh Rao, the main correspondent of CNBC, writes from London. This week, I study the Indian Leats and Limits with the Secretary of Commercial Trade to the Commercial Offers. Enjoy!

This report is the CNBC’s “India” newsletter for this week. In the new time, it brings you precise views and market comments, the emerging central and large business behind its meteoric rise. Like what you see? You can subscribe Here.

Great story

Until the week of India, with the UK, Donald Trump President Donald Trump said that the President of the United States was killing 25% rates in the South Asian country.

It protects good terms with the United Kingdom and negotiation for more concessions with the United States, the Government of India responded so far, “he stated that his consequences were being studied.

Trump’s movement also has a sharp reversal with the whites from the optimal tone of the last bargain.

When I met with Piyush Goyal Indian trade minister, he told me last week Lectures “go very well” And he trusted that India “priority fare would be safe compared to our classmates and our competitors.”

Great Britain

The Achronia with Washington, however, ended away from a positive humor that surrounds the Economy and Trade Agreement that ended this month in the UK.

The agreement is projected British GDP boosts £ 4.8 billion each year And the bilateral trade increased 25.5 million euros in the long run, according to the UK government.

2,5 billion dollars for more than $ 2.5 Billion dollars for the end of the decade could be added $ 2.5 billion according to economists of Deutsche Bank.

Scotch whiskey fare will cut an important export of the UK 150% and 75% The first day of the agreement and the next decade will be dropped to 40%. Also, the UK Auto-Rates can be as high as 110%, will be reduced to 10% under a new share system.

The agreement is mutually eliminated by 99% of all Indian goods, currently 73%, Efficient in India’s exporters rate, depending on the group by Sajjid Chinoy, about the Indian economy.

“I think it’s much more than the trade agreement,” Keshav Murugesh said, President of India India India India India India India Wns. “It is now appropriate for the future strategic cooperation.”

Some frictions follow

Despite the extensive nature of the agreement, the final agreement does not exemption from India in the UK carbon, which will begin in 2027.

Goyal said that India had no such measurement, being a “rare barrier.”

“India will continue to study all the possibilities available under the World Trade Organization, to stop trading mines between the two countries,” Goyal said. “We deserve the right to take appropriate actions according to international law.”

The two nations also obtained an agreement on a new agreement as part of the commercial agreement.

India formed the previous investment covenant with the United Kingdom and several other countries in 2017.

Goyal underestimated the meaning of his absence, proposing that the direct investments in India are “jumping and only grow from limits”.

It is important that India also has no tariff accessories for UK newspaper and agricultural products.

Almost half of the population of India participates in agriculture and sees the government as sensitive vowed vowels.

“We are always very sensitive to our interests of farmers, our interests (micro, small and medium-sized enterprises), and our areas of concern are well protected,” Goyal said.

US Dimension UK Agreement

Here, it seems that the will to open his markets in India has hit its limitations, the US president Donald Trump Febroned Messages about the society of truth indicate.

India is against the complexity of the principle of the world’s trade organization. The MFN clause must use more fare reduction devoted to a country in a bilateral negotiation to all other WTO members.

If you require smaller tariffs on indeed agricultural products, it is likely to be forced to offer the same terms to competitors such as the UK and European Union.

The result of negotiations with the US will be a defining test for Indian officials.

“I think people trust India. I enjoy India in India. It’s India, India is growing in today’s largest world economy,” it has been added.

For now, however, the action is focused on getting an agreement on the line with the United States.

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Anubhuti Sahay, Standard Economic Research Bank Research, said that India can absorb the cost of changing Russian in Russian.

Need to know

Donald Trump has announced US president of 25% of India. In addition to this tax, India also will have to pay “punishment”“Trump was unfair and purchasing military equipment in Russia, and the President announced Wednesday.

India sells China to smartphone exports to the US According to the research company data, 44% of the US smartphone imported in the second quarter accounted Mounted IndiaGreater than 25% from China.

Chinese citizens can re-get Indian visas. New Delhi started again Issuing tourist visas to Chinese citizens July 24th. It is unbalanced in tenses between the two countries, which Blows negotiated in June 2020 Above the border of the Himalayas, according to Reuters.

– Yeo Boon Ping

In markets

Indian stocks have lost vapor this month Nifty 50 The index fell by 3% in the month. The index rose by 4.7% this year.

The 10-year-old Government Bond performance marked 6.35% marker, last week.

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Come

August 1: Gold jewelry manufacturer Shanti Gold International IPO, HSBC manufacturing in July

August 5: Safety and Care Firm Aditya Infotech and Bankless Finance Company LAXMI India Finance IPO, HSBC Services July PMI

August 6: India Bank of India’s interest rate decision, M & B Engineering business, real estate business, Sri Lotus developers and deposits of reality and values deposits IPO

On weekday, CNBC news news news news and market comments give you news about the power companies that are emerging, and the people behind his rise. Livestream show on YouTube and catch highlights many.

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Asia: Monday-Friday, 11: 00-12: 00 Sin / HK, 08: 30-09: 30 India
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