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UK could gain ‘first-mover’ advantage with India trade deal
Resolution Foundation report also highlights risk of British firms being undercut by lower cost rivals
Gains from a UK trade deal with India could be on a par with those from an agreement with the US but risks exposing the economy to tougher competition, a report says.
The Resolution Foundation thinktank said successful talks between London and New Delhi had the potential to gain “first-mover” advantage in India and replicate the success of German manufacturing exporters to China.
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