* Marine products
* Arms and ammunition
* Base metals
* Chemicals and Minerals
* Electrical machinery
* Plastic/Rubber
* Furniture/Sports goods
* Gems and Jewellery
* Headgear/Glass/Ceramic
* Instruments/Clocks
* Leather/Footwear
* Wood/paper
* Mechanical machinery
* Textile/Clothing
* Transport/Auto
* Veggies, fruits, spices, cereals and oils
The takeaways
* Indian farmers to get preferential access to UK's $37.5 billion agriculture market
* Sensitive Indian sectors like dairy, vegetables, apples, cooking oils, oats fully protected
under the deal
* Big catch for Indian fishermen as the $5.4 billion British market opens for marine
exports with zero duty as against up to 20% now
* Big boost for UK job creation as labour intensive sectors get competitive edge
* Zero duty on major sectors
* Massive gain for rural India and exporters with zero duty on processed foods as against
70% earlier
* 75,000 Indian workers in UK will benefit from Double Contribution Convention, as it
exempts workers from social security contribution for three years
* Professionals to get better mobility access to the UK. Up to 1,800 Indian chefs, yoga
instructors and classical musicians can move temporarily to Britain to provide services
My take
It's a win-win situation for both sides!
Tailpiece.
A quiet but wet day!
No comments:
Post a Comment