UK Against Rushing Trade Agreement With India To Meet Diwali Deadline
NDTV
The House of Commons International Agreements Committee, in a report entitled 'UK-India free trade agreement: Scrutiny of the Government's Negotiating Objectives', questions the Diwali deadline set for the conclusion of the negotiations.
A UK parliamentary panel on Friday warned the government against accepting a "poor" deal to rush things through simply to meet a Diwali deadline set for the completion of a landmark free trade agreement (FTA) with India.
The House of Commons International Agreements Committee, in a report entitled 'UK-India free trade agreement: Scrutiny of the Government's Negotiating Objectives', questions the Diwali deadline set for the conclusion of the negotiations by outgoing Prime Minister Boris Johnson during his visit to India in April.
The committee cautioned that could risk giving up a good deal for a fast one, by setting a "time ambition over and above content".
"A growing economy, as well as a growing middle class and consumer market, make India an attractive trading partner for the UK. The UK government, however, must not accept a poor agreement simply to meet a deadline," said Baroness Dianne Hayter, chair of the committee.
