techUK welcomes the launch of UK-India FTA negotiations
techUK welcomes the launch of UK-India FTA negotiations which was announced on 13th January.
This is a a momentous occasion in the UK-India trade relationship. India is an important partner for the UK technology sector, and an FTA offers the opportunity to drive technology collaboration and innovation across borders.
techUK CEO, Julian David, yesterday said:
“After years of discussions and preparations, today marks an important moment in the UK-India trade relationship. The launch of negotiations on a free trade agreement offers the opportunity to deepen the bilateral tech partnership and advance an ambitious trade agenda. Key to a meaningful agreement – one that drives technology collaboration and innovation - are efforts to enable cross-border data flows, ensure an adequate data protection regime, remove unjustified data localisation requirements, commit to a tariff-free internet and increase mobility of talent and investment. We are looking forward to working with the UK government, as well as sister organisations and stakeholders in India to support a comprehensive digital trade chapter in the UK-India FTA.”
Technology is going to drive the future India-UK bilateral partnership. India is the second largest source of FDI into the UK, whereas UK is Indian tech industry’s second largest export market after the US. We see that technology continues to play a pivotal role in India’s growth and it continues to attract international attention. The UK is well-placed to support partnerships that encourage growth of tech sectors at home and abroad. It has an active venture capital community, more tech ‘unicorns’ than elsewhere in Europe, a network of incubators and tech clusters, world-leading talent and links between industry, universities and research institutions. With its strengths in technology and innovation, financial services and emerging technologies, the UK offers Indian businesses important opportunities to invest and develop their reach and capabilities.
Opportunities are great, but so are the challenges of reaching an ambitious trade agreement for our industry given different approaches to digital regulation on both sides. To capitalize on emerging opportunities and drive collaboration and innovation across the UK-India tech corridor we must however ensure that a future trade agreement includes strong provisions for cross-border data flows with an adequate data protection regime, increased mobility of talent and investment whilst also reducing barriers to business growth.
We have been calling for a comprehensive UK-India FTA to:
- Enable cross-border data flows without compromising data protection standards;
- Prevent data localisation requirements which compel business to store data originating in a particular jurisdiction on servers located within that jurisdiction;
- Prevent the mandatory transfer of source codes, algorithms and encryption keys so that businesses will not be forced to disclose or transfer their product source code as a condition for market access;
- Agree not to impose customs duties in connection with the import or export of what is provided in a digital form, i.e. transmitted electronically;
- Establish regulatory dialogue on issues such as cyber-security, FinTech, AI and other emerging technologies, as outlined in the 2030 Roadmap for India-UK future relations.
Our full response to the DIT consultation on future UK-India FTA can be accessed here.
techUK will continue to be a voice for our industry throughout the FTA negotiation process. The first round of negotiations is expected to begin next week.
If memebrs have questions about the FTA and techUK's upcoming engagement activities, please reach out to jana.psarska@techuK.org.
Latest News from
Mayor of London launches Digital Inclusion Service24/06/2022 16:25:00
How can techUK members and industry be part of the Digital Inclusion Service?
Is the UK ready for the future of compute?21/06/2022 13:05:00
We are at an exciting juncture for technology and innovation in the UK. The Government’s future of compute review, launched during London Tech Week, foresees a world where nearly every aspect of business and research is transformed by the rapid growth in computing capabilities.
Carbon Saving Strategy Guide (Guest Blog from Climax Community)21/06/2022 11:25:00
Guest blog from Climax Community outlines ways to reduce your businesses carbon footprint
Ministry of Defence publishes Artificial Intelligence Strategy20/06/2022 15:20:00
The Ministry of Defence has published its new Defence Artificial Intelligence (AI) Strategy, which sets out how it will adopt and exploit AI technologies, and become the world’s most effective, efficient, trusted and influential Defence organisation for its size in AI
The power of collaboration: Technology’s role in tackling the challenges of VAWG and RASSO20/06/2022 11:05:00
At last month’s Police Digital Summit in the UK, a panel of police, tech specialists and criminal justice stakeholders discussed how technology could help to meet the challenges of rape and serious sexual offences, and violence against women and girls; techUK’s Georgie Henley, who chaired the panel, highlights some of the key points from the discussion, and the collaborative approaches that can ensure improved responses in the future.
Plans to reform the UK’s data protection regime represent an important evolution for the UK GDPR20/06/2022 10:05:00
Read our summary and analysis of the Government’s response to the ‘Data: a new direction’ consultation and what it means for the UK tech sector.
Government launches Freight Innovation Fund in new strategy for the sector17/06/2022 15:25:00
The Department for Transport has published a new strategy for how government and industry will work closely together to deliver a world-class, seamless flow of freight across the UK’s roads, railways, seas, skies and canals.
NHS ConfedExpo: Better insights, better decisions, better health16/06/2022 16:25:00
At this year’s NHS ConfedExpo, Andreas Haimboeck-Tichy, Managing Director at Accenture and Chair of techUK’s Health and Social Care Council, chaired a panel examining the power of data to give decision-makers access to accurate real-time information to make informed, effective decisions.
Unlocking the Power of Data in the North: Connecting people and places workshop16/06/2022 11:25:00
Guest blog: The Department for Digital, Culture, Media and Sport (DCMS) are seeking organisations who are interested in exploring the role data sharing and future architectures will play in delivering DCMS’ vision for more connected places.