New Delhi, May 8 -- At a time when nations across the globe - just after Donald Trump took over the Presidency of the US - are caught in tariff wars, India too is facing mounting threats of import tariffs from the United States. And the free trade agreement we signed with the UK recently offers a much-needed breather, especially for our MSME sector.
If you ask my honest opinion, I would say, the FTA will provide significant market access to our MSMEs and give them a much-needed boost, especially to the labour-intensive sectors such as apparel, auto components, jewellery, and leather goods.
With the new FTA signed between the two nations, bilateral trade is expected to increase by an additional $32 billion annually by 2040, up from the cur...