UK-India Cricket Match Trade Deal in Doubt: Lack of Progress on Market Access Puts Plans on Hold

UK Prime Minister Rishi Sunak's plans to sign a UK-India trade deal on the sidelines of a cricket world cup match in India are now in doubt due to a lack of progress in India's market accessibility for British professional services. Originally, there were speculations that Sunak would travel to India to watch the encounter between England and India on October 29 in Lucknow and finalize the trade deal. However, UK government sources have revealed that the talks have hit a roadblock.

The Department for Business and Trade spokesperson emphasized that they are committed to achieving a trade deal that is fair, balanced, and in the best interests of both countries. One of the main sticking points in the negotiations is the limited market access for British law and accountancy firms. Reports suggest that India is offering fewer opportunities for professional services, in contrast to the deal signed between the UK and Australia.

Sources familiar with the negotiations have expressed concerns about the lack of progress, particularly for certain UK services sectors. They reiterated that the UK would not be pressured into signing a deal that does not serve the best interests of the country. Kemi Badenoch, the UK's business and trade secretary, emphasized that the focus should be on securing a good deal, rather than rushing to meet a specific deadline.

However, she did express a desire to finalize the agreement before general elections take place in both countries. Although talks have been intense and constructive during the ongoing 13th round of negotiations, it is clear that the emphasis is on ensuring a comprehensive free trade agreement with India. Kevin McCole, the Managing Director of the UK India Business Council, believes that prioritizing quality over speed is crucial. He welcomes the commitment from both Prime Ministers to forge a strong trade relationship and emphasizes the need for a deal that benefits both nations.

While the signing of the UK-India trade deal during the cricket world cup match remains uncertain, the determination to negotiate a comprehensive agreement continues. Despite the challenges, the political will to establish a favorable trade relationship persists, ensuring that the final deal will be in the best interest of the British people and the economy.