Topic: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.
3. Entering into a Free Trade Agreement (FTA) between India and the United Kingdom is a logical progression, which offers opportunities for emerging technologies, expanding businesses, and improved employment prospects for their populations. Analyse. (250 words)
Difficulty level: Moderate
Reference: Indian Express
Why the question:
The sixth round of negotiations between senior officials of India and the UK for a proposed free trade agreement (FTA) will begin here on Monday.
Key Demand of the question:
To write about the advantages of FTA for India-U.K while taking in to account potential bottlenecks.
Directive word:
Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.
Structure of the answer:
Introduction:
Begin by writing about FTA in the context of India-U.K relations.
Body:
In first part, give the historical ties between the two nations in brief and current status of bilateral relations.
Next, write about potential benefits of FTA for both the countries especially in aftermath of the disruptions caused by Brexit and Covid-19 pandemic. Mention trade, diaspora, collaboration etc.
Mention, the potential bottlenecks such as non-tariff barriers, IP protection and Tariff’s etc.
Conclusion:
Conclude with way forward for the potential realisation of the FTA.
