'India-UK FTA most economically significant pact'
New Delhi, July 1 -- The India-UK free trade agreement is Britain's most "economically significant" FTA, and will boost its GDP more than other post-Brexit FTAs with Australia, New Zealand, and the 12-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the June 26 House of Commons Library Research Briefing.
"UK GDP is forecast to be 0.13% higher (£4.8 billion) in the long run as a result of the agreement. This is a larger boost to GDP than the other post-Brexit FTAs negotiated from scratch (Australia, New Zealand and CPTPP)," the briefing said, citing data from an impact assessment done by the UK's Department for Business & Trade (DBT). The House of Commons Library Research Briefings are c...
To read the full article or to get the complete feed from this publication, please
Contact Us.