UK India Trade deal and micromobility
January 2, 2022CompaniesPolicy
We aim to do series of articles on the impact of the upcoming UK trade deals with larger countries. Countries like India with big manufacturering supply side capacity and the affect these trade deals will have on the UK micromobility market.
The India UK free trade deal should, all being well, be completed by mid 2022.
With student visas and access to the UK market key to the indian negiogiations.
What The Micromobility News predicts is the massive growth of battery mopeds of indian origin finally being sold and riden legally on the UK roads.
Brands include OLA whose recently built factory aims to produce over 10 million electric moped a year to be produce in 2022. Becoming the world's largest manufacturing plant for two-wheelers in the process.
The only way OlA can do this is through successful free trade deals around the world resulting in free access to the micromobility markets of the respective countries or blocks.
The UK will in return want access to the huge Indian food sector.
The UK's Micromobility industry is full of European and global players with few domesitic manufacturers.
It will be an quite straight forward for the UK negotiators to grant access.
India is projected to become the world's third largest economy by 2050, and a trade deal will open huge opportunities for UK businesses to trade with India's GBP 2 trillion economy.
International Trade Secretary Anne-Marie Trevelyan and her oppo, Commerce and Industry Minister Piyush Goyal, held talks during the G20 trade ministers meeting in Sorrento, Italy, in October. Thrashing out final preparations for the launch of UK-India FTA negotiations.
The UK has said it wants a deal that slashes barriers to doing business and trading with India. While India will want their firms to reach their global potential in this fast developing new industry of micromobility.
Watch this space as the UK becomes India's market for electric mopeds.