S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

India, Britain launch talks on free trade deal

Thursday, January 13, 2022 | Ashok Sharma, Associated Press

Anne-Marie Trevelyan
FILE- Anne-Marie Trevelyan Secretary of State for International Trade speaks at the Conservative Party Conference in Manchester, England, Sunday, Oct. 3, 2021. Trevelyan is in New Delhi and will meet with her Indian counterpart Piyush Goyal in New Delhi on Thursday, Jan. 13. India and Britain are launching talks on pursuing a free trade deal that is expected to boost bilateral trade by billions, making it among the most ambitious negotiations to take place after Brexit. (AP Photo/Jon Super, File)

NEW DELHI (AP) — India and Britain on Thursday launched talks on pursuing a free trade deal that is expected to boost bilateral trade by billions of dollars in one of the most ambitious negotiations to take place after Brexit.

Britain’s International Trade Secretary Anne-Marie Trevelyan met with Piyush Goyal, India's minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles in New Delhi. Actual negotiations kick off next week, officials said.

``This is the first of my important agreements this year as Britain set out on her independent journey post-Brexit,″ Trevelyan told reporters.

She said the two countries have a unique opportunity to build ties in the trade. defense, climate and health sectors as they recover from the COVID-19 pandemic.

Goyal said the free trade agreement, expected to be finalized in a year's time, will double trade between the two countries by 2030.

Both sides hope the deal will spark huge benefits for several industries, from food and drink to cutting-edge renewable technology.

The Indian minister said both sides would also work on an interim agreement for fast-tracking efforts to capture low-hanging fruit in goods and services, tourism, startups, education and climate change.

The free trade agreement could potentially double UK exports to India and boost two-way trade by $38 billion a year by 2035, a British government statement said.

Asked whether the British government was willing to relax visa restrictions on Indians going to the country, Trevelyan said the approach was to see that British and Indian businesses and the citizens of the two countries benefit in this endeavor to reinvigorate ties.

Goyal said ``the Indian diaspora in Britain is a bridge between the two countries and can add a lot of dynamism to their relationship."

“A deal with India is a golden opportunity to put UK businesses at the front of the queue as the Indian economy continues to grow rapidly,” Trevelyan said, adding that Britain was keen to tap into the growing middle class in Asia's third-largest economy.

After leaving the European Union in 2016, Britain has focused on its trade policies in the Indo-Pacific region. India, once a British colony, is viewed as a favorable location given uncertainties over ties with China.

``This is the first of my important agreements this year as Britain set out on her independent journey post Brexit,'' Trevelyan said.

Investment from Indian companies already supports 95,000 jobs across the UK, the British statement released before the meeting said.

Britain is angling for a deal that slashes barriers to doing business and trading, including cutting tariffs on exports of British-made cars and Scotch whisky.

In an interview with the Financial Times newspaper on Thursday, Trevelyan said “everything is on the table to discuss”, including broadening visa access for Indian students and skilled workers. She said she would like for a deal to be clinched by early 2023.

According to India’s External Affairs Ministry, India and Britain are focusing on five key areas, people-to-people contacts, trade, defense and security, climate action and health.

India and Britain have extensive links, with the former investing in 120 projects to become the second-largest source of foreign direct investments after the United States in 2019. Trade between the two countries was $15.45 billion in 2019-20.


7 Manufacturing Stocks That Will Overcome Current Difficulties

The manufacturing industry was one of the hardest hits in 2020. In the initial months of the coronavirus pandemic, many companies were forced to shutter operations. However, opportunistic investors kept their eye on several of these companies as recovery stocks. And at the beginning of 2021, the emergence of several vaccines allowed businesses to reopen.  Not surprisingly, manufacturing stocks were among the biggest winners.

But where are these stocks headed in 2022? In December, American manufacturers reported their slowest pace of growth in 11 months. A closely followed index of U.S.-based manufacturers dropped to 58.7% in the final month of 2021. This was slightly lower than the 61.1% in November according to the Institute for Supply Management.

Still, any number of above 50% signals expansion. And the number is only slightly below the 60% level that signifies exceptional growth.

Ironically, it’s the virus that continues to provide a headwind. Supply chains are unwinding but not nearly fast enough to prevent material shortages. The controversy surrounding vaccine mandates is causing labor shortages.

However, there’s a strong likelihood that manufacturing stocks will have a strong year in 2022. And even if they don’t, many of these stocks pay a reliable dividend. That’s why we’ve put together this special presentation on the manufacturing stocks that will overcome current difficulties.



View the "7 Manufacturing Stocks That Will Overcome Current Difficulties".


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.