ISDS Case Map
UK
United Kingdom
The India-UK free trade deal, which has missed the Diwali deadline, is likely to get the much-needed impetus with Rishi Sunak taking over as Britain's first Indian-origin Prime Minister as experts see political stability in the UK giving momentum to negotiations.
The briefly interrupted last-mile negotiations for the ambitious India-UK FTA may restart with the Rishi Sunak become PM, but the unprecedented economic crisis gripping the island country could still slow the process and delay a deal beyond 2022, according to officials and trade analysts.
India and the UK are unlikely to finalise a trade deal before 2023, largely because of the political turmoil in Britain and differences within the outgoing Liz Truss government on issues such as mobility of professionals and immigration.
The United Kingdom’s talks with India over signing a draft free trade agreement (FTA) do not have a October 24 (Hindu festival of Diwali) deadline anymore, according to UK trade secretary Kemi Badenoch.
Talks between India and the UK have hit a snag over easier access to thousands of skilled workers from the South Asian nation that is likely to push finalizing a free-trade agreement beyond the October deadline.
The first round of negotiations for a Free Trade Agreement between the United Kingdom and Gulf Cooperation Council took place between 22 August and 29 September 2022.
Transform Trade charity says British-based companies are among main bringers of cases based on bilateral investment treaties.
Members of a trans-Pacific free trade pact could agree in principle to allow Britain to join as a new member this year, using the European country's case as a model for future aspirants, Japan's economic minister said.
Data localisation and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations towards a Diwali draft completion deadline.
