UK drives a hard bargain with India for free market access

‘The United Kingdom is going slow in improving its mobility offer to India in the India-UK free trade agreement negotiations in a bid to get a better deal on the market access side. According to the internal memos of UK-India FTA negotiations seen by  businessline, the UK government has, over several rounds of negotiations, asked that market access commitments made by India under India-Australia ECTA must be taken as a baseline for India’s offer to the UK.  The free trade agreement is expected to be signed by this year, although no clear deadline has been set.

According to the Indian government’s internal assessments, this trade deal is expected to increase India’s GDP tenfold and that of UK twofold. India hopes for relaxations in immigration rules for Indian ex-pats to the UK, while British negotiators are using India’s key asks as a bargaining chip to gain greater market access to Indian buyers.  As per the memo, the market access offered by India is becoming a major bone of contention for the UK.

The memo stated, “UK reiterated its preference for India to benchmark its market access offer to India-Australia ECTA and make further improvement. Also, it was informed that the UK will improve its market access offers only after India made improvements beyond what has been offered to Australia. India, in response, reiterated that benchmarking of initial offers to India’s commitments under the India-Australia ECTA was never discussed or agreed upon.”

In another place in the memo, the UK highlighted its need for better market access in services, while also signalling areas where it is willing to improve, on the immigration front. However, those improvements will only be guaranteed if India fulfils its end of the bargain. During discussions, the UK was unwilling to relent on a key ask from India- which is the removal of social security payments for Indian ex-pats living and working in the UK.

Indians rack up thousands of pounds in social security payments which they are unable to accrue benefits from since they are unable to live in the UK for the long term. 

Streamlined biz visa

What the UK is willing to offer, however, is a more streamlined business visa process, with a guaranteed length of 90 days. “This offer will be akin to the type of business visa offered by the US,” said Poorvi Chothani, an immigration lawyer. “The US offers every applicant a 90-day business visa, that is not the case with the UK that rarely offers a business visa of such a long duration,” Chothani said. 

Another offering by the UK includes a “temporary stay for a cumulative period of not more than 12 months, with extensions possible at the discretion of the UK government, in any 24-month period,” – for independent professionals. “This will be a bane for independent freelancers such as IT professionals, and independent lawyers who want to do business in the UK,” Chothani said. 

However, these offerings will only come to fruition if India gives the UK, and Australia market access. 

comment Comments

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on April 2, 2023

ibis listed on couponmatrix.uklavish-alice listed on couponmatrix.ukmoda-furnishings listed on couponmatrix.ukpondkeeper listed on couponmatrix.ukuniversal-textiles listed on couponmatrix.ukyoox listed on couponmatrix.uk
ibis listed on couponmatrix.ukIbis have been the go-to hotel for travellers on a budget for generations, and can always be relied upon for solid, reliable accommodation that costs less than the rest of its peer group without cutting any significant corners.
lavish-alice listed on couponmatrix.ukWorn by A-list superstars, the Lavish Alice range of designer clothing finds the right balance between fashion and price. With a sizzling array of womenswear available, you are bound to find something for you, no matter your style. Pick up a Lavish Alice discount code and save on everything in from beautiful dresses to sexy swimwear and comfy nightwear and discover a clothing designer designed for fashion, fitting and quality, every time. Love looking and feeling great with Lavish Alice.
moda-furnishings listed on couponmatrix.ukSettle for nothing but the best garden furniture with Moda Furnishings, the brand that crafts immaculate outdoor essentials for family enjoyment. With a Moda Furnishings discount code from Groupon, you can indulge in delicious dinners, chilled drinks and indulgent stretches in the sun for a fraction of the cost. You can’t put a price on some quality time outdoors, so kick back and enjoy the fresh air in maximum comfort with Moda Furnishings.
pondkeeper listed on couponmatrix.ukThere’s nothing quite like a water feature in the garden to add a little dose of tranquility to your space. So, create a pond you can be proud of with the expert team at Pondkeeper! Help yourself to a Pondkeeper discount code to treat yourself to the best quality products from the UK’s leading pond specialists, and stock up on pond liners, pumps, filters and more for a fraction of the regular price!
universal-textiles listed on couponmatrix.ukRestock your essentials with ease when you shop at Universal Textiles, the place to get all that you need at a great price! Use a Universal Textiles discount code to shave a few pounds off your subtotal and you’ll be able to get the basics for less. Stocking linen and clothing from the likes of Caterpillar, Regatta, and others, Universal Textiles is committed to providing you with excellent products at an absolute steal!
yoox listed on couponmatrix.ukIf you're looking for designer fashion, Yoox is where it's at. A one-stop edit of your favourite names and a seriously luxe brand in its own right, Yoox brings you designer items but isn't tied to seasonal trends - meaning you get a better price on big names. Bring a Yoox discount code from Groupon into the mix and your DSquared2 denims or Emporio Armani shirt will cost even less.