Prime Miniter to visit UK , Maldives; FTA and Ties to top agenda
New Delhi: Prime Minister Narendra Modi will visit Britain and the Maldives this week for meetings with the leadership of both countries to take forward bilateral relation and to for Malise the India -UK free trade Agreement (FTA)
Prime Miniter Modi will travel to the UK during July 22-23 July after that he will go to the Maldives from July 25 to 26.
He Will be the guest Honour at the Indian ocean archipelago’s Independance’d marking a turnaround in bilateral ties that had turned frosty because of the policies of Maldivian president Mohamed Muizzu.
The India -Uk trade deal, which was finalised in May, is Expected to be formally signed during Modi visit, People familiar with the Matter Said .
The FTA is set to boost Indian exports of textiles, leather and goods of engineering and cut levies on British Whisky. automobiles and medical device .
The two sides have been engaged in the legal scrubbing of the deal since May.
The FTA is expected to doble bilateral trade by 2030 from the current level of $60 billion Another attractive feature of the deal is an exemption for employer of Indian workers from paying social security contribution in the UK for three years under the Double Contribution convention.
Under The deal ,indian will get tariff elimnation on 99% of its tariff lines , covering nearly 100%of trade value .
Source – Hindustan Times
Written by Sadhana Bhushan
