Vikrant Shekhawat : Sep 06, 2022, 09:20 AM
Britain India Relations: Britain's newly elected Prime Minister Liz Truss is considered to be in favor of building warm and close strategic and economic relations with India. Truss, 47, a newly elected leader of the Conservative Party, has visited India earlier and participated in a digital dialogue with Commerce Minister Piyush Goyal. Truss had termed India's visit as a big opportunity.In May last year, during his tenure as International Trade Minister, Truss signed a Comprehensive Business Partnership (ETP) for the Boris Johnson government. ETP is the starting ground for Free Trade Agreement (FTA) negotiations. After signing the ETP, Truss said, "I see the UK and India in the best position in the evolving trade landscape."According to news agency PTI, Truss had said on relations with India, "We are looking at a comprehensive trade agreement that covers everything from financial services to legal services as well as digital and data including commodities and agriculture." Is. We think there is a strong possibility of an agreement soon, where we can reduce tariffs on both sides and see more imports and exports of goods between the two countries." Following her promotion as foreign minister, Truss handed over the responsibility of the Department of International Trade (DIT) to Annie Marie Trevelyan. International Trade Minister Trevelyan is expected to proceed with the UK-India FTA talks.What are the challenges of Truss1. Liz Truss faces many important challenges on becoming the British PM. FTA with India has to be completed by Diwali. This was promised by the Boris Johnson government. Truss recently told the party's Conservative Friends of India (CFIN) expatriate group that she would remain extremely committed to strengthening bilateral ties with India and hoped to complete the India-UK FTA by Diwali. Will go The truss had also said that if it was not possible by then, it would definitely be completed by the end of the year.2. Fulfilling the promise of reduction in tax will be a challenge before Liz Truss as she has been talking about it during the election campaign. He had asked for a cut in tax of up to 1.25 percent on becoming the PM.3. Britain is also facing the impact of inflation. Common people are suffering from expensive electricity and fuel prices. Rishi Sunak of Indian origin also made this an issue in his election campaign. The challenge of dealing with the problem of inflation will be with them.4. Recently the International Monetary Fund has announced that the UK economy has slipped to the sixth place. It has lagged behind India in economy. The challenge before Liz Truss will be how she works for economic reforms in Britain and rebuilds the country's lost image.5.China is angry with Britain's stand on Taiwan. Recently, its diplomats have twice warned Britain not to follow in American footsteps and stay away from Taiwan. Actually, a UK delegation is planning to visit Taiwan at the end of the year. The challenge before Liz Truss is how she deals with China's warnings.6. Liz Truss's stand has been tough regarding the aggressive attitude of China and Russia. She sees the current aggressive Sino-Russian stance as a threat to pro-independence democracies. For this, she is working on the goal of creating a network of global freedom. In a statement, Liz Truss said Britain is working with NATO as well as partners such as Australia, India, Japan, Indonesia and Israel to build a global network of freedoms.7. China and Russia have a lot of interference in the Indo-Pacific region. Britain is against it. Truss has repeatedly agreed on defense and security cooperation with India for the restoration of normalcy in the region. Truss said in a statement that Russia and China are working together as they strive to set standards in technologies such as artificial intelligence, as they dominate the western Pacific Ocean and space through joint maneuvers. "China and Russia have found an ideological void and they are looking to fill it," he said. They are very excited. We haven't seen this since the Cold War. As pro-independence democracies, we must be prepared to face these threats.Britain is also facing a crisis of energy and fuel due to the Russo-Britain war. In fact, Russia's military is in control of Europe's largest nuclear plant in Zaporizhia, Ukraine. This has affected the energy interests of Europe. In a recent interview, Truss said it would ensure within a week an announcement on how the energy crisis and the challenge of long-term supply would be dealt with in order to prepare well for the winter season.Let us tell you that Liz is an MP from South West Norfolk, UK. He was born in Oxford. Truss's father was a professor and mother was a nurse-teacher. Truss has been in many parts of the UK including Scotland, Leeds and London. Liz Truss is married to accountant Hugh O'Leary and they have two daughters.