India-UK Partnership: A Key Opportunity Amid US Trade Challenges::
With the US becoming less accessible for Indian exporters due to rising trade barriers, India is increasingly looking to strengthen ties with the UK. The recent visit of UK Prime Minister Rishi Sunak and the implementation of the Comprehensive Economic and Trade Agreement (CETA) signal fresh opportunities in the UK market for India. Reduced tariffs under CETA can boost exports, but experts caution that tariff cuts alone won’t guarantee success. To fully capitalize on this partnership, India needs to undertake structural reforms to enhance competitiveness, including improving infrastructure, easing regulations, and investing in technology. The UK’s market, known for high standards and demand for quality goods and services, offers a promising platform for India’s growth ambitions. If both countries leverage their historic ties and economic complementarities, the India-UK partnership could become a powerful driver of trade and investment in the coming years.
