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Stepping stone deal? UK pact could set template for India's future FTAs
Shreya Nandi New Delhi
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The recently signed trade pact with the United Kingdom (UK) will act as a crucial 'stepping stone' and a benchmark for the 'high-quality' agreements India intends to pursue, Commerce and Industry Minister Piyush Goyal has said. Calling it a 'win-win' for both nations, Goyal argued that the deal would also enhance India's credibility in the global trade arena.
The India-UK Comprehensive Economic and Trade Agreement (CETA), signed on July 24 after three-and-a-half years of negotiations, signals that India is ready to face competition and shed its reputation as a high-tariff economy — a 'tariff king', as the United States (US)
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