New Delhi: The government increases its efforts to accelerate trade agreements (FTAs) with ministerial consultations with Australia and Britain marching this month.
The Minister of Trade and Piyush Industry Goyal will be in the UK for talks with his colleague Elizabeth Truss this week, while the Australian Minister of Trade and Tehan are scheduled to be in the capital ahead of the end of the month to advance dialogue.
Although the discussion is still in the exploration phase, the center has begun to mark the red area, many of which may prove to be debated as discussions.
For example, in an interview, Chancellor of Chancellor UK Rishi Sunak has indicated to the TI that the government is interested in services that are liberalized by the two countries.
While Indian interest in IV mode – Visa for its technology professionals, doctors and nurses – for the United Kingdom, the field will open legal services and “taboo area”.
When it comes to some previous no-go regions, such a lower task on Scotch, the signal is that India will be more accommodating in the stand than before, hoping it will succeed in getting easy access to Indian textiles and engineering items.
Likewise, when it comes to Australia, the government is willing to be involved in sectors such as coal where imports for power plants are in any case that happens.
But Dairy is a sector that has proven to be a red zone, as seen during negotiations canceled for the regional comprehensive economic partnership agreement (RCEP), where India resigned at the last minute.
For Australia, Dairy has become an interesting main area, but India has been alert to cut tariffs, especially on products such as skim milk powder, given the possible negative impacts on the domestic economy.
In contrast to large farms in Australia, the Indian milk sector has millions of small farmers.
What is important is important for talks with Britain, the AustraliaSwell astheeuropean Union is the fact that almost half the items exported by India have been in the zero category of tariffs, with these countries having their defense interests in some items where the customs are in place.
Although this was the early days, the attitude taken by negotiators also developed when the talks took place, depending on what was willing to put on the table.
In addition, discussions for free trade agreements also need to be seen in the context of new geo-political alignments that occur in the post-covid world.
Given the bond with Australia has strengthened in recent months when Canberra has hinted that he wanted to rely on less in China, the government hoped to achieve what was called an early harvest scheme in December, covering half of the tariff lines.
But with elections because in Australia, it is unlikely that trade agreements can be ratified by parliament to at least the second half of this year.
However, the government’s keenness for such an agreement was not shared by several other sides, such as the European Union, which is another focus partner for trade and investment agreements.