UK-EU trade deal will not be able to kickstart the Indian economy as FTA would benefit west more!

India is trying to sign Free Trade Agreements (FTAs) with Europe and Britain that could help India mitigate the impact of high U.S. tariffs, such as the 50% tariffs mentioned, by diversifying its export markets and enhancing trade opportunities, but their success depends on several factors. FTAs could help but there are limitations that could render them insufficient as a standalone strategy to counter U.S. tariffs. India would gain duty-free access for 99% of its exports to the UK, including textiles, leather, and auto parts. Whether it could provide greater market access for Indian pharmaceuticals, textiles, and IT services, mitigating the impact of U.S. tariffs is not certain. India seeks from EU lower tariffs on its exports and easier access for skilled professionals, particularly in IT. India’s trade with the EU and UK combined ($57 billion with the UK in 2024) is significant but smaller than potential U.S. trade losses if tariffs disrupt key sectors.

Видео UK-EU trade deal will not be able to kickstart the Indian economy as FTA would benefit west more! канала AJ SINGH Official