The prospect of an India-UK free trade agreement (FTA) has been kicked into the long grass after British Prime Minister Rishi Sunak surprised many this week with a snap summer poll on July 4, exactly a month after India’s election results on June 4.While political analysts and strategic experts have expressed confidence that very little should change on the bilateral relationship front whatever the outcome in either election, the very small window that was open for a deal being clinched by the Sunak-led Tory government has now been swept away in the election wave of both countries. The India-UK Free Trade Agreement (FTA) negotiations opened in January 2022 and are aimed at significantly enhancing bilateral trade – currently worth around 38.1 billion pounds a year.
The Opposition Labour Party, in the lead in most pre-election surveys, has committed itself to “finish the job” but the timelines will remain uncertain for some time. “Rishi Sunak’s shock poll date announcement of July 4 has skewered any prospect of the finalisation of the long-awaited and much-anticipated FTA with India by a Conservative government,” said Rahul Roy-Chaudhury, Senior Fellow for South and Central Asian Defence, Strategy and Diplomacy at the London-based think tank International Institute for Strategic Studies (IISS).