10. REDUCED INEQUALITIES

Both India and UK are looking at ambitious trade deals: Government official

Both India and UK are looking at ambitious trade deals: Government official
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Both India and UK are looking at ambitious trade deals: Government official  The New Indian Express

Both India and UK are looking at ambitious trade deals: Government official

India and UK Engage in Free Trade Talks

Express News Service

Introduction

Both India and the UK are currently engaged in free trade talks, prioritizing the negotiation process over speed. Both countries are striving to secure the best deal possible, with an emphasis on aligning the agreement with the Sustainable Development Goals (SDGs). A government source closely involved in the trade talks stated, “In the UK FTA, both countries are looking at an ambitious deal, which is beneficial to both countries, and we are not binding ourselves to any timelines as such.”

Progress and High-Level Meeting

The sources reveal that progress in the talks has been positive, and both countries recently held a high-level meeting during the Jaipur trade and investment ministers meeting. The governments of India and the UK are actively working towards resolving key issues early on in the negotiation process.

Prickly Issues

The negotiations are currently addressing several prickly issues, including rules of origin, bilateral investment treaties, and business mobility.

Bilateral Investment Treaty (BIT)

The Department of Economic Affairs and the Ministry of Finance are leading the BIT talks separately. It is anticipated that the BIT talks will be concluded alongside the FTA negotiations.

Business Mobility

Business mobility, particularly visa liberalization, has been a contentious topic during the FTA talks. UK Business and Trade Secretary Kemi Badenoch clarified that visas and visa liberalization fall outside the scope of the free trade agreement, but business mobility is an integral part of the trade framework. Both countries are actively discussing business mobility and the Bilateral Investment Treaty.

Closing Difficult Issues

A government source emphasized that the challenging issues must be resolved towards the end of the deal.

FTA Negotiations

The UK-India FTA negotiations commenced in January 2022 and cover 26 policy areas/chapters. To date, 12 rounds of talks have been completed, and 19 chapters have been closed.

SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 8: Decent Work and Economic Growth Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% GDP growth per annum in the least developed countries No specific indicators mentioned in the article
SDG 10: Reduced Inequalities Target 10.2: By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status No specific indicators mentioned in the article
SDG 17: Partnerships for the Goals Target 17.10: Promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the World Trade Organization, including through the conclusion of negotiations under its Doha Development Agenda No specific indicators mentioned in the article

1. Which SDGs are addressed or connected to the issues highlighted in the article?

  • SDG 8: Decent Work and Economic Growth
  • SDG 10: Reduced Inequalities
  • SDG 17: Partnerships for the Goals

The issues discussed in the article are related to trade negotiations between India and the UK, which have implications for economic growth, reducing inequalities, and promoting partnerships.

2. What specific targets under those SDGs can be identified based on the article’s content?

  • Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% GDP growth per annum in the least developed countries
  • Target 10.2: By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status
  • Target 17.10: Promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the World Trade Organization, including through the conclusion of negotiations under its Doha Development Agenda

The article mentions the importance of a trade deal that is beneficial to both India and the UK, which aligns with the targets of sustainable economic growth (Target 8.1) and reducing inequalities (Target 10.2). Additionally, the negotiations aim to promote a rules-based and equitable trading system, which relates to Target 17.10.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

No specific indicators are mentioned or implied in the article that can be used to measure progress towards the identified targets.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: newindianexpress.com

 

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