\u201cWe hope that following this deal, the U.K. government will commit to safeguarding farmers\u2019 rights in all future trade agreements, as farmer seed systems are vital for smallholder farmers in India and in many other countries across the world,\u201d said Hannah Conway, trade and agriculture policy adviser at Transform Trade.<\/p>\n
Drugmakers<\/p>\n
Under the deal, Indian generic medicines and medical devices can be exported duty free to the U.K., in a move welcomed by the country\u2019s officials. Last year the U.K. imported medicinal and pharmaceutical products worth around \u00a3667.4 million from India.<\/p>\n
\u201cGiven the U.K.’s shift away from reliance on Chinese imports post-Brexit and Covid-19, Indian manufacturers are poised to emerge as a favoured, cost-effective alternative, especially with zero-duty pricing for medical devices,\u201d a commerce ministry official told the Indian news agency PTI.<\/p>\n
Meanwhile, India will also welcome the absence of any data exclusivity clauses related to pharmaceuticals in the deal\u2019s intellectual property chapter, which could have posed a threat to the country\u2019s generic drugs sector, the world\u2019s largest by volume.<\/p>\n
Textiles\u00a0manufacturers<\/p>\n
The trade deal removes tariffs on Indian textiles exported to the U.K., with imports expected to rise by around 85 percent to \u00a32.9 billion, according to the government\u2019s impact assessment. The U.K. imported Indian clothing worth \u00a3877.3 million last year.<\/p>\n
As a result, the government projects that the U.K. textiles, apparel and leather goods industry is expected to lose \u00a3114 million \u2014 the biggest projected decline of any industry. \u201cThis in turn is projected to lead to resources shifting away from adversely affected sectors to other sectors that exhibit a larger increase in exports,\u201d it said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cWe hope that following this deal, the U.K. government will commit to safeguarding farmers\u2019 rights in all future…\n","protected":false},"author":2,"featured_media":21371,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5083,13707,894,2793,7816,2980,1336,8063,141,13708,11614,309,144,2692,1346,59,57,58,2923,2795,2693,308,555,1349,13108,465,420,467,13709,822,3720,2363,50,423,305,2811,470,200,1351,13710,1352,156,10554,426,2366,56,54,158,55,11854],"class_list":["post-21370","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-agriculture","tag-animal-welfare","tag-banks","tag-buildings","tag-cars","tag-companies","tag-data","tag-development","tag-donald-trump","tag-dumping-duties","tag-eggs","tag-england","tag-exports","tag-farmers","tag-financial-services","tag-gb","tag-great-britain","tag-greatbritain","tag-growth","tag-immigration","tag-imports","tag-india","tag-industry","tag-insurance","tag-intellectual-property","tag-investment","tag-keir-starmer","tag-markets","tag-medical-devices","tag-mobility","tag-narendra-modi","tag-negotiations","tag-news","tag-parliament","tag-policy","tag-privacy","tag-rights","tag-scotland","tag-security","tag-seeds","tag-services","tag-tariffs","tag-textiles","tag-trade","tag-trade-agreements","tag-uk","tag-united-kingdom","tag-united-states","tag-unitedkingdom","tag-visas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/21370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=21370"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/21370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/21371"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=21370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=21370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=21370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}