UK–India ambitious trade talks | New ways to pay online | Latest e-commerce news

Posted on 20/01/2022 by DHL Express

UK and India launch Free Trade Agreement negotiations

Ambitious trade talks between the UK and India kicked off in New Delhi last week, as the UK seeks a Free Trade Agreement with one of the fastest-growing economies in the world. The agreement could slash trade barriers and almost double British exports to the country, boosting the UK’s total trade by up to £28 billion a year by 2035.

A big step forward in the government’s Indo-Pacific trade strategy, British exporters could be first in line to supply India’s growing marketplace as India looks set to become the world’s third biggest economy by 2050. The UK could also see further Indian investment in businesses across the country, supporting tens of thousands of jobs.

“As we take our historic partnership with India to the next level, the UK’s independent trade policy is creating jobs, increasing wages and driving innovation across the country,” says Prime Minister Boris Johnson.

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Preferred online payment methods are changing

Did you know that online shoppers are 70% more likely to finalise a purchase if their preferred payment method is displayed as an option at the checkout? To secure e-commerce sales, it’s important that your business can support payments from the most popular types of payment method.

Credit cards, digital wallets (such as PayPal, ApplePay or AliPay) and ‘Buy Now, Pay Later’ services are just some of the methods you might want to consider to grow your online business.

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Latest e-commerce news from around the world

In this week’s latest e-commerce news, a recent survey has revealed the secrets behind top-performing online merchants. Features such as live chatbots, product ratings and reviews, and free shipping were offered by 100% of the leading e-commerce websites.

What’s more, “re-commerce” sees further support as a Belfast-based start-up gets investment for technology that will encourage circularity in the fashion sector.

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