July 25, 2023
1 min read

India-UK hold 11th round of FTA negotiations

The leaders discussed ways to make progress on the FTA negotiations and wider trade and investment opportunities for the UK and India, the Ministry stated…reports Asian Lite News

India and the United Kingdom concluded the eleventh round of talks for the UK-India Free Trade Agreement (FTA) on July 18, where progressing on the FTA negotiations and enhancing the trade and investment opportunities between the two countries was discussed, the Ministry of Commerce and Industry said on Monday.

As with previous rounds, this was conducted in a hybrid fashion – a number of Indian officials travelled to London for negotiations and others attended virtually. Union Minister Piyush Goyal visited the UK as part of the eleventh round of the UK-India FTA negotiations on July 10-11, the Ministry stated.

The Minister for Commerce and Industry met with the UK Secretary of State for Business and Trade, Rt. Hon Kemi Badenoch MP, and the UK Minister of State for International Trade, Hon Nigel Huddleston MP.

The leaders discussed ways to make progress on the FTA negotiations and wider trade and investment opportunities for the UK and India, the Ministry stated.

Union Commerce Secretary Sunil Barthwal also visited the UK during the round. He met with senior UK trade officials and took stock of the progress made in the eleventh round of negotiations.

Technical discussions were held across 9 policy areas over 42 separate sessions. They included detailed draft treaty text discussions in these policy areas, the Ministry stated.

The twelfth round of negotiations is due to take place in the coming months.

The India-UK bilateral trading relationship was worth Pound 34 billion in 2022, growing by Pound 10 billion ( Rs 102 crore) in one year, according to official UK government statistics.

The visit of the Commerce and Industry Minister underscores the commitment of the Indian government to actively engage with its international partners and explore opportunities for economic growth and development. (ANI)

ALSO READ-UK sends rapid deployment team to Rhodes

Previous Story

A Tale of Transformation: China’s Impact on India-US Ties

Next Story

Kerala’s ‘Holiday Heist’ to boost tourism

Latest from -Top News

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel

EU prepares retaliation for Trump’s tariffs

The European Commission is assembling a fresh round of counter-tariffs aimed at US goods, adding to two existing lists of potential targets—one of which includes products that were hit by suspended tariffs

US, EU slam China’s war games near Taiwan

US President Donald Trump underscored the need to maintain peace in the Taiwan Strait, advocating for a diplomatic approach to cross-strait tensions while warning against the use of force The United States

ÂŁ13.9 billion of R&D fund to boost innovation, jobs

Funding outlined to support transformational R&D in areas like life sciences, green energy, engineering and beyond More UK innovators like those developing treatment-transforming dementia tests or building world-leading testing facilities to power

OPEC+ accelerates oil output hikes

Despite the production boost, the group emphasised that future adjustments remain flexible and could be paused or reversed depending on market conditions. Eight OPEC+ nations have unexpectedly decided to accelerate their oil
Go toTop

Don't Miss

Zepto raises $100 mn

The round came 45 days after the company announced its

Expectations high from G20 summit: UNESCAP chief

India assumed the G20 presidency on December 1 last year