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India must strongly push for U.K., EU trade pacts
Why is it in news?
- According to experts, India should aggressively pursue free trade agreements (FTAs) separately with European Union (EU) and the U.K.
- Both EU and the U.K. clinching a post-Brexit trade pact.
Details:
- India can explore opportunities in services sectors such as IT in both the markets as the EU-U.K. pact does not cover services.
- After the trade deal with the EU and the U.K., India will get a better opportunity to cater to demand in these markets.
- However, it is premature to assess the gains for India from the agreement between the EU and the U.K.