New Delhi, May 10 -- India and the UK have added a first-of-its-kind chapter on anti-corruption and anti-bribery measures to their free trade agreement (FTA), according to a policy paper released by the UK government. India has no such measures in its FTAs signed with Australia, the UAE, and the European Free Trade Association (EFTA), a four-nation bloc comprising Iceland, Liechtenstein, Norway, and Switzerland. The inclusion in India-UK FTA is a crucial step towards levelling the playing field for exporters and investors who face inflated costs and operational uncertainty in markets affected by such malpractices. Although details of the trade pact with the UK are not yet public, India's decision to cut import tariffs on automobiles from 10...