India–UK Free Trade Agreement May get delayed ?
According to Reuters, concerns over the UK’s proposed steel safeguard measures could delay the implementation of the India–UK FTA.
India, the world’s second-largest steel producer with 150 million tonnes of annual output, has raised concerns that the proposed measures may impact expected market access benefits under the trade deal.
Meanwhile, the UK says the safeguards are aimed at protecting its domestic steel industry amid global overcapacity concerns.
A trade deal signed. A steel dispute emerges.
How this unfolds could have implications far beyond the steel sector.
📍Source: Reuters
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