The UKIBC Welcomes Prime Ministers Johnson and Modi’s Commitment to an Enhanced Trade Partnership as a Roadmap to a Future Free Trade Agreement

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The UK India Business Council warmly welcomes the commitment of Prime Minister Rt Hon Boris Johnson MP and Prime Minister Shri Narendra Modi to deepening collaboration between our two countries. As well as overcoming the immediate challenge of the pandemic, the collaboration extends to building a long-term partnership that creates jobs and prosperity, tackles medium- and long-term healthcare challenges, addresses climate change, and enhances the national security of both countries.

In particular, we welcome the UK-India Enhanced Trade Partnership (ETP) and the intention to negotiate a Free Trade Agreement (FTA). The Prime Ministers also announced GBP 1 billion of new UK-India trade and investment. This is a great start, but only the beginning.

The ETP, part of a 10-year roadmap of bilateral co-operation agreed by the Prime Ministers, aims to double the annual trade between the UK and India by 2030. The UKIBC believes this is the right ambition and is achievable. UK-India trade is already strong: in the year before the pandemic bilateral trade grew by 10 percent to GBP24 billion. The ETP is a great opportunity to grow this rapidly, particularly in sectors such as food and drink, life science and healthcare, advanced engineering, energy, digital technology, defence, education, and legal, financial and professional services.

Similarly, an FTA is the right eventual goal. It will require momentum. As such, it is hugely encouraging that the ETP will address market access barriers and ease of doing business immediately and on an ongoing basis.

In this regard, it was great news that the ETP, signed by the UK’s Secretary of State for International Trade, Liz Truss, and Minister of Commerce and Industry, Piyush Goyal, removed barriers to trade in the food and drink, services, and healthcare sectors. Non-tariff barriers on fruit and medical devices will be lowered. There was also a commitment to deepen co-operation in educational services including the recognition of UK higher education qualifications, which will help Indian students to study and work more fluidly between the UK and India. A pledge to work to remove barriers in the Indian legal services sector is another step that could significantly increase trade and collaboration. It is also hugely encouraging that lowering or removing current tariffs such as those of up to 150% on whisky and up to 125% on automotive have been highlighted as objectives of the ETP.

UKIBC Group Chair Richard Heald, OBE said, “Our countries are already close partners and friends, and today’s announcement of a 10-year roadmap working towards an FTA will take the bilateral relationship to the next level. In the immediate term, the focus will rightly be on removing market access barriers. Businesses in both countries are enthused by the opportunities to enter and expand across the UK-India economic corridor and the ETP, leading to an FTA, will make that more appealing and easier than ever.”

UKIBC Managing Director, Kevin McCole said, “It matters when the 5th and 6th biggest economies in the world form a trade partnership, so the Enhanced Trade Partnership is a potential game-changer for businesses and consumers – doubling trade to GBP50 billion per year. Both governments should be congratulated in getting it to this stage.

While the ETP will rightly tackle immediate barriers to trade, it is also important that it is future-proofed. Alongside growth in goods trade, we expect significant trade growth to be in services, particularly the technology, digital, financial, and IP-rich services where the UK and India are globally competitive and where there is scope for far greater bilateral activity. By focussing, now, on the trade of the future, the UK-India ETP and FTA can be a model for all trade deals that follow.”

The UKIBC also laud the UK’s continued support for India in combatting the ongoing pandemic. The UK Government and UK businesses have been playing their part through the provision of critical equipment such as ventilators and oxygen concentrators. The UKIBC has been working with both countries’ High Commissions and partners like the CII and FICCI to coordinate UK businesses’ efforts to assist India.

It was great to see cooperation on COVID-19 and other diseases set to continue as a new GBP 240 million investment by the Serum Institute of India in the UK will create a large number of jobs and is expected to generate new business worth over GBP 720 million, support clinical trials, research and development, and possibly manufacturing of vaccines.

Through continued dialogue with our members and clients, namely UK and Indian businesses, and with both Governments, the UKIBC will support the journey to greater UK-India trade and investment and ultimately the achievement of a comprehensive and mutually beneficial Free Trade Agreement.

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Handicraft Furniture setting a new trend in the interior and home décor industry

Handicraft Furniture setting a new trend in the interior and home décor industry

Furniture is one of the most prominent and significant aspects of any space. It adds a distinct depth and feel to the décor and enhances its beauty to the next level. Conventionally furniture was considered only as a side element while designing an interior. However, today the trend has changed; the limelight is on the furniture and furnishing elements. Young interior designers and architects are giving utmost importance to furniture and are heavily investing their time and efforts to get the best furniture for modern urban spaces.

Antique Handicraft Furniture

Saharanpur – the furniture city of India is renowned for its explicit patterns, wide motifs, and creativity. The city is home to some of the most skilled and proficient artisans and craftsmen. These creative enthusiasts are known for their attention to detail, intricate carving, and eye for perfection. The finishing and look of the furniture created in this city are beyond comparison. Craftatoz is one of the reputed furniture manufacturing companies in India. Established in the year 1989 in Saharanpur, the company has more than 300 trained and skilled workmen. The antique and eternal furniture created by Craftatoz sets the perfect symphony of texture and gives your space a stunning and grandeur appearance.

Furniture artefacts are one of the worthwhile investments. It not only augments the overall appearance of your room but also meticulously sets the whole ambience. The novelty and ethnic feel of antique furniture make it highly popular amongst the masses. The designers and interior decorators are hunting unique and exquisite antique furniture that connects one with the Indian roots. Craftatoz is one of its kind of handicraft furniture manufacturing company striving to preserve the Indian handicraft industry and introducing artistic handicraft furniture that is spectacular and awe-inspiring.

Preserving the art of Handicraft

Handicraft furniture online is a part of Indian heritage and culture from the Britishers time. Handicraft furniture speaks volumes about our rich history and love for art. Handicraft furniture is an integral part of our interiors and gives your premise an elegant touch. However, over the period of time with the introduction of modernization and machine-made furniture, the significance of handicraft furniture has been also affected to a great extent.  Furniture giants like Craftatoz are exerting themselves to promote the artisan’s talent and preserve the art of handicraft. They are bringing handicraft furniture to modern homes and preserving our legacy. Handicraft furniture is a seamless combination of modern art, style, and antiquity. They are unmatched and a true epitome of sophistication.

Handicraft furniture suits your décor and adds more splendor to it

The latest global trend in home furniture and decoration is Handicraft Furniture. Décor with the layer of Indian handicraft products and furniture creates an interesting décor and creates an impeccable melody of texture, color, fabric, styles, etc. Antique handicraft furniture in the form of mirrors, center table, jharokhas, Chandeliers, key holders, table lamps, corner tables, and much more. Handicraft Furniture is true alchemy of style and poise. They are an ideal fit for any modern urban or conventionally designed abodes. The handicraft wooden furniture celebrates luxury and creates a lavish feel.

The matchless collection of handicraft furniture

Handicraft furniture is never outdated. They are timeless and always in fashion. Other furniture styles may come and go but the love for Indian handicraft and artistic furniture is increasing at an enormous rate. A true lover of Indian culture and exclusive products is sure to get impressed by the sumptuous range of handicraft furniture offered by Craft atoz. The handicraft furniture can truly revamp your furniture and add a gleam to your interiors. Handicraft furniture is available in size, style, and pattern. The availability of premium grade handicraft furniture collection has led to an immense increase in the demand and utility of the same. Interior designers and décor experts are incorporating handicraft furniture to create a comprehensive mood of the space and give it a cutting-edge.

Taking furniture industry to newer heights

Like every industry, the furniture industry has also witnessed several ups and downs. The trends in the furniture industry are ever-evolving. There are continuous introductions and upgrades in this sector. However, the heart of the furniture segment is still ‘Handicraft Furniture’ the simplicity, quirkiness, antique touch, regal patterns and immersive feel of handicraft furniture still continue to mesmerize everyone with its grandeur and sheer opulence.

Handicraft furniture is at the pedestal and gaining substantial attention worldwide. They are widely acknowledged as one of the most reputed, credible, and authentic Indian art forms. The handicraft furniture reflects the legacy of the country and opens new avenues for Indian craftsmen and artefacts. Craftatoz with an aim to provide these artists global exposure and widespread Indian culture to every corner of the world brings a well-thought, finely detailed range of handicraft furniture that creates the cult and sets new milestones in the world of online furniture.