world-economy

India Signals Willingness to Renegotiate UK Trade Terms Over Steel Tariffs

India may roll back certain concessions granted under its free trade agreement with the United Kingdom if proposed safeguard duties on steel imports proceed without modification, according to a senior New Delhi official.

India's steel sector has flagged concerns over the tariff measures. Officials contend these duties could undermine competitive advantages secured during initial FTA negotiations.

New Delhi has signaled openness to renegotiating terms across multiple sectors should the UK proceed with the steel duties unchanged. The dispute centers on protectionist trade measures affecting commodity exporters.

Both nations have indicated willingness to engage in further discussions. The outcome could reshape the commercial framework established by the agreement.