“We will be scrutinising the detail of the agreement in the coming weeks to identify the opportunities for growth that the deal should bring,” Logistics UK head of trade and devolved policy Nichola Mallon said in a statement.
Meanwhile, Indian trade policy think tank Global Trade Research Initiative (GTRI) cautioned that India may soon come under similar pressure from the United states to finalise a narrowly focused mini-trade package, centred around tariff cuts, strategic market openings and large-value commercial deals, rather than a broader free trade agreement (FTA) that would require Congressional approval.
The US-UK deal, appears to be heavily tilted in the US’ favour, with the united Kingdom granting sweeping market access in return for relatively modest tariff cuts—a lopsided outcome that Indian negotiators should avoid, said a brief report by the think tank.
The UK deal, according to the GTRI, reflects the Trump administration’s preferred style: limited, transactional arrangements that deliver quick wins without the legislative complexity of a full-fledged FTA.
If India mirrors the United Kingdom’s approach, it could end up granting sweeping concessions without securing equivalent gains, it added.
ALCHEMPro News Desk (DS)
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