India, U.K. need to simplify their regulatory mechanisms: London’s Lady Mayor

“India and the United Kingdom need to simplify their complex regulatory mechanisms,” London’s Lady Mayor Dame Susan Langley told The Hindu.

The comments are significant on the background of the India-U.K. Free Trade Agreement (FTA) which will be effective soon. During her maiden visit to India, the international Ambassador for the U.K.’s financial and professional services sector, emphasised on the need for both the countries to understand each other’s markets more strategically, and discussed the barriers for the rolling out of the FTA.