The India-UK trade agreement provides duties free access to many home regions such as leather, electrical machinery and chemicals in the British market and unlocks of opportunities for about $ 23 billion.
The contract called on the Comperhensitive Economic and Trade Agreement (CETA) in London on Thursday in the presence of Prime Minister Narendra Modi and his British equivalent Karer starrer.
“We see this agreement as part of the broad strategic investment and believes that it opens a new way for cooperation and opportunity with the global partner,” said Shailesh Chandra, president of the Society of Indian Automobile Manufacturers (SIAM).
He said that the benefits of this agreement for the Indian automotive industry are more likely to work closely with the Government of India to translate global competitiveness and technological advances.
Chandra has stated that this agreement has taken a significant step to strengthen India’s global financial investment, especially with a developed economy. As soon as the two major economy enters the new phase of partnership, Siam praised the government’s advice during the entire negotiation process, he said.
Chandra said the growing leadership of modern trade and investment frameworks reflects on the consensual agreement during the uncertainty of global trade, Chandra said.
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