New Delhi, May 10 -- India and the UK have added a dedicated first-of-its-kind chapter on anti-corruption and anti-bribery measures to their proposed free trade agreement (FTA), according to a policy paper released by the UK government.

India has no such dedicated 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 the India-UK FTA is a crucial step towards leveling the playing field for exporters and investors who often 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 t...