India’s trade agreements with the United Kingdom and the European Union could have separate chapters on sustainable development, a first for India. The UK and the EU have requested to include a chapter on Trade and Sustainable Development in the prospective trade agreements which could be frozen soon as India and the UK are in the process of finalising the terms of reference of the pact.
“Discussions on trade and sustainable development have been gaining traction in the recent bilateral discussions to have a chapter on the subject,” said an official.
The government has also reached out to industry to indicate the possible asks that India could make to the EU and UK for inclusion in the sustainable chapter. Senior government officials are in the UK at present to finalise the terms of reference of the pact.
“We have reached out to industry because the UK and the EU have concerns related to the environment. However, most of our exports including speciality chemicals and plastics are compliant with the global rules and will not face any issues,” the official added.
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