London, September 04, 2023 (PPI-OT): In utter disappointment to the Modi government in India, UK Prime Minister Rishi Sunak has ruled out a quick-fix trade deal with New Delhi, making it impossible to get an agreement over the line in time for this week’s G20 summit in the Indian capital. As per British media, the UK prime minister has rejected the idea of an “early harvest” deal, which could have lowered tariffs on goods such as whisky but would not have dealt with trickier subjects such as professional services.
The decision has scuppered any chance of an agreement being struck this week, before the prime minister meets his Indian counterpart, Narendra Modi, in New Delhi next week. Many now believe a deal is impossible before both countries hold elections in 2024, although some in government still believe it could be reached later this year.
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