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๐ค India and the UK are in the final stages of negotiating a Free Trade Agreement (FTA), aiming to enhance bilateral trade and cooperation.
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๐ As part of the FTA, the UK has agreed to introduce minor visa changes, allowing around 100 additional Indian professionals annually.
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๐ผ These changes are expected to support key sectors without significantly altering immigration statistics.
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๐ The visa reforms aim to offer businesses more certainty amid ongoing policy shifts.
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โ๏ธ India seeks broader concessions beyond visa access, including exemptions from the UK’s proposed carbon tax and refund mechanisms for pension contributions by short-term Indian workers.
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๐งพ Discussions are ongoing regarding exemptions from contributing to UK pensions for Indian workers who already pay into India’s system.
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๐ The FTA negotiations have gained urgency following the imposition of new US tariffs on both Indian and British goods.
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๐ Bilateral trade between India and the UK reached ยฃ41 billion over the past year, with India recording a trade surplus.
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๐ While no timeline is confirmed, talks are progressing rapidly, and officials remain hopeful of reaching an agreement in principle soon.
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๐ The FTA is expected to enhance trade relations and unlock new business opportunities in both countries.
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