Union Cabinet approved MoU between India and UK in ICT.
The Union Cabinet chaired by PM Modi has approved the Memorandum of Understanding (MoU) between India and United Kingdom (UK) on November 4, 2020. The MoU was signed in Information Communication Technologies and Telecommunications (ICT) sector.
The MoU was signed between Department of Digital, Media and sports of UK and Ministry of Communications of India. The MoU seeks to strengthen bilateral cooperation between the two countries in the field of telecommunications. Under the MoU, understated areas of cooperation were identified:
- ICT regulation,
- Telecommunication standardisation, testing and certification,
- Wireless communication
- Spectrum Management,
- Security of using telecommunication,
- To build capacity to exchange expertise,
- To exploring opportunities in third countries in the field of telecommunications
- To facilitate trade and investment in ICT through visits, exhibitions and other similar events.
- Technological Development and advancement for Internet of Things, Cloud Computing, Big Data, etc.
Significance of MoU
The signed MoU focuses on things that were already included under the agenda of cooperation between both the countries. Despite that, the MoU is significant because it is aimed and open several opportunities for India post Brexit. The policies and approaches of UK had been changed post Brexit. Along with that, UK government has also changed its terms and conditions for signing any agreement with a foreign country.
What has changed post Brexit?
The United Kingdom had left the European Union on January 31, 2020 and currently undergoing a “transition period” till December 31, 2020. Thus, most of the pre-departure arrangements will end in December. After that, the UK will be leaving the EU’s Single Market and Customs Union. UK will then be implementing an independent trade policy. New customs formalities and regulatory controls will be introduced between UK and EU. The EU will bring more red tape and longer delivery times. UK and EU citizens will no longer have the right to move, work and settle in each other’s territories. The countries would be initiating new restrictions on travel. EU nationals will no longer be given preferential treatment in order to attract skilled workers. Further, UK seeks a free trade deal with maximum independence from EU rules.