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一 | London, Oct 20 (UNI) A highly-anticipated free-trade agreement between India and Britain appears to have floundered at the last minute as Liz Truss’ government gets tough on immigration but observers say the “common threat perception” of China means both sides have a reason to cling on to the pact.
Questions have also swirled over the deal’s priority, given that Truss’ governing Conservative Party now seems intent on replacing her – just a month after she was elected party leader, the South China Morning Post reported.
An unprecedented 80 per cent of voters have a negative opinion of Truss, according to a latest poll by YouGov, making her the most unpopular leader in the UK’s recent political history.
The pact, hailed as “the biggest of them all” by former UK leader Boris Johnson earlier this year, was expected to be signed by the Hindu festival of Diwali that takes place this weekend, a deadline set by Indian Prime Minister Narendra Modi and asserted repeatedly by both sides.
It had the potential to double trade between India and Britain, the world’s fifth and the sixth-largest economies, from the current $29 billion. British firms, especially car- and whiskey-makers, were set to gain access to a massive consumer market with notoriously high tariffs and tedious entry barriers, the BBC said.
For India, the deal was expected to draw higher investment flows, boost manufacturing and ease immigration rules for its citizens to the UK.
Then last week, British Trade Secretary Kemi Badenoch said the government was “no longer working to the Diwali deadline”, but added that the two sides “were close” to a deal and that they were “still working” on it.
Indian media reports have quoted sources from the agency confirming that the deal was unlikely any time soon. Speculation in New Delhi was rife that the deal might be signed only next year, the report said.
A Department for International Trade spokesperson told This Week in Asia that it “won’t sacrifice quality for speed and will only sign when we have a deal that meets both countries’ interests”, a sign that London was no longer keen to match pace with a deadline set by Modi.
Two recent events might have driven some of this change in the momentum.
Soon after taking over as Britain’s Home Secretary, Suella Braverman had “reservations” about a possible FTA with India and “having an open border migration policy with India”, since the “largest group of people who overstay are Indian migrants”.
Braverman also criticised a deal signed by the Johnson government with India on action against visa overstayers, saying it had “not necessarily worked very well”.
For many in New Delhi, this was a sign that the Truss administration was hardening its stance on immigration – an issue critical to India’s interests.
It had promoted easier, relaxed immigration rules for its citizens going to Britain on long-term visas as a key policy, partly as a way to shore up domestic support for the trade deal.
In addition, after violence broke out between Hindus and Muslims in England’s Leicester City last month, Braverman sought to connect it with “uncontrolled immigration” and its “failure” to integrate with local communities – a move viewed as another swipe at Indian immigrants.
Analysts say that for Britain and its former colony India, this is an instance of a clash between their domestic and global politics on two key counts – trade and immigration.
Kira Huju, a London School of Economics Fellow in International Relations, said the separation between domestic and global politics was getting “impossible to sustain”.
“India – as Britain’s most important former colony, now surpassing the UK in its economic might – brings out the subliminal anxiety that underlies the ‘Global Britain’ narrative,” Huju said.
“The increasing normalisation of anti-immigration sentiment inside the Conservative Party is crucial here, too. India will want a more generous visa regime, which an increasingly anti-immigration Conservative Party will be hard-pressed to make.”
Yet, analysts believe that even if the deal is delayed and political instability continues in the UK in the short-term, there still remain many binding factors for the two countries in the medium and long term, the BBC reported.
Shairee Malhotra, Europe Fellow at the New Delhi-based think tank Observer Research Foundation, says that a “common threat perception” of China was an aspect that would drive the two together.
“The Indo-Pacific region is a key area where both are concerned about China’s assertiveness,” she said.
“India is also seeking new defence partnerships for collaboration under its Make in India programme as well as technology transfers, and having the UK participate in its indigenous defence manufacturing industry would give this a huge boost,” she added.
UNI MR。1月14日,国家发改委副主任连伟亮在接受中央电视台财经记者采访时表示,根据中央电视台官方微博,他已披露了今年中国重点投资方向。

二 | 国家发改委副主任连伟亮表示,将围绕“建设与改造”这两个关键词加大投资力度。建设包括五个方面:1。加强新基础设施建设,推进人工智能、工业互联网、物联网等建设,加快5G商用步伐;加强城乡基础设施建设,推进市政物流基础设施建设,加快5G商业基础设施建设。

三 | 加强能源、交通、水利等重大基础设施建设;加强民生和公共服务能力建设,促进养老、卫生、教育投资;加强生态环境保护和自然灾害防治能力建设。

四 | “改造”是指增加制造业的技术改造和设备更新。另一个关键词是“转型”,连伟亮在接受采访时表示,“转型”是为了增加制造业的技术改造和设备更新。针对“促进国内消费升级”,连伟亮表示,政策措施主要包括三个方面:一是加强消费能力,重点落实社会保障和收入分配制度及相关改革措施,减轻居民负担,实施专项扣除。个人所得税政策,实施消费财政扶持措施;二是引导消费,重点增加优质生产。加快商品和服务供应,弥补人民急需的教育、养老、医疗、卫生、家政、育儿等方面的不足。三是优化消费环境,重点加强产品和服务质量监督,加强消费领域信用体系建设,大力营造安全放心的消费环境。
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Published on:13:21:53