‘Agents & airlines can see high cargo volumes, freight loads & route expansion’

Balagopal Balachandran, National Head – Air Freight, FEI Cargo said, “The UK-India FTA represents a significant step forward in economic collaboration between the two nations. This is not just a trade agreement, it is a pathway to mutual growth, prosperity and a stronger partnership between two vibrant economies.  On the Indian side, the agreement opens massive export opportunities by eliminating tariffs on 99% of its tariff lines. Sectors such as textiles, marine products, leather, engineering goods auto parts, sports goods, jewelery, organic Chemicals stand to gain immensely. The incremental increase in imports would not significantly affect the domestic market.  The reduced tariff access will not only enhance access to the UK market but also aligns with the government’s focus on job creation through FTA in labour intensive sectors. The agreement carries multi-dimensional benefits for key stakeholders across the supply chain, including exporters, importers, freight forwarders and airlines. Freight forwarders can expect increased cargo volumes and demand for value-added logistics services,  integrated and differentiated solutions. Airlines are likely to see higher freight loads and potential route expansion.