Brief by Shorts91 Newsdesk / 08:07pm on 04 Sep 2023,Monday Business
According to a report by The Guardian, UK PM Rishi Sunak has dismissed the possibility of a swift trade agreement with India, dashing hopes of reaching a deal in time for the G20 summit in Delhi. The rejection of an "early harvest" deal, primarily focusing on lowering tariffs on goods like whisky while excluding complex areas like professional services, has complicated negotiations. This implies that the likelihood of a UK-India free trade agreement, previously touted as a prime post-Brexit opportunity for Britain, still remains elusive. Despite earlier promises, substantial disagreements still impede progress, leaving the deal's fate uncertain. [file photo: Reuters]
