The FTA with the continent will open a huge market for Indian businesses while enabling African countries to accelerate economic growth and development in a sustainable manner.
The 14th India-UK Joint Economic and Trade Committee (JETCO) comes with all the promise of post-Brexit “Early Harvest Agreements” in the lead up to a full-fledged free trade agreement (FTA); but it is important that the momentum unleashed by ministers on both sides is revved up to top speed now, writes India Inc. Founder & CEO Manoj Ladwa.
In light of US President Trump’s recent visit to India, an economic expert suggests some measures the two countries could take to drive their bilateral relationship to the next level. Highlights: President Trump’s reiteration of PM Modi’s policies reinforced the Indian Government’s assertion of successful outreach of its schemes. If a free trade agreement might not be an immediate possibility, a multi-layered trade agreement would help boost import-linked value-added manufacturing and exports from India. The US must consider that a [...]
The High Level Advisory Group recommends several different avenues ranging from engaging the WTO to more sector-specific approaches to boost India’s share and importance in the global merchandise and services trade. This report on India’s trade prospects and policies is a constructive plea to policymakers of what needs to be done, what is necessary (and possibly sufficient) to accelerate India’s export growth, and thereby accelerate GDP growth towards a potential of 8+ per annum over the next 11 years. Macro [...]
A ‘pared down’ free trade agreement (FTA) between the UK and EU may well just be the chink of light at the end of the very long Brexit tunnel.
By proposing a free trade agreement with Africa and by extending a $50-million grant to Niger to host the African Union Summit, the Modi government has signalled that it will continue to champion close collaboration and partnership with Africa. If Africa were a country, it would be the world’s seventh-largest economy. Then, more than 30 of the 54 nations in Africa are democracies. And Africa has the largest concentration of Indians or Indian origin people outside the sub-continent. In a [...]
Joanna Kempkers is the New Zealand High Commissioner to India. In this interview with ‘India Global Business’, the career diplomat lays out the investment climate on offer for Indian companies, prospects of a free trade agreement and areas where the Commonwealth bond between the two countries can be further strengthened. What is the nature of Indian investments in New Zealand and what are the areas these can be further enhanced in? Investment from India to New Zealand has been concentrated [...]
Geoffrey Van Orden is Britain’s Member of the European Parliament (MEP) for the East of England and Vice-Chair of the European Conservatives and Reformists (ECR) Group. In this interview, he tells ‘India Global Business’ what Brexit means for India-EU relations and why he fears the prospect of a free trade agreement (FTA) will continue to be hampered due to a mismatch in ambitions. As Chairman of the European Parliament's Delegation for Relations with India, how do you see the India-EU [...]
Businesses, the diaspora and policy powerhouses will all need to work in tandem to build lasting UK-India ties, writes India Inc. Founder & CEO Manoj Ladwa. This year, there is an important chance to reassess the strength of India’s bond with the UK and show the world that India is a bridge-building nation. It is just over a year until the UK reaches its Article 50 deadline and leaves the European Union (EU). UK economic growth is beating all forecasts [...]