India and the UK could resume free trade agreement (FTA) negotiations as early as January, although reaching a consensus on issues such as modern trade topics – labour and environment – and a social security pact remains tricky.
While the FTA talks will "resume discussions based on the progress achieved previously", some agreements made by the previous government under Rishi Sunak may not resonate with the new British government, sources familiar with the matter told Business Standard.
For instance, during the FTA talks, the Labour Party government in Britain is likely to seek commitments on modern trade issues like labour and the environment. India, on the other hand, has been pushing hard for these chapters to be "best endeavour" in nature, avoiding binding commitments.
This story is from the November 25, 2024 edition of Business Standard.
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This story is from the November 25, 2024 edition of Business Standard.
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