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According to informed sources, India and the United Kingdom expect to await the end of the state elections on 3 December to announce a free trade agreement. There are some current differences between the parties on “the inclusion of taxes in the proposed investment protection agreement” and on “the reduction of British tariffs on the export of electric vehicles to India”. An agreement would be an important milestone for the United Kingdom and India. British Prime Minister Sunak may show the benefits of the agreement as a British graduation, while Indian Prime Minister Modi could advocate for more local jobs next year as he seeks his third term, while the agreement could serve as a template for India’s free trade agreements with other EU countries.
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