April 16, 2024
1 min read

Indian team to head to UK to resolve FTA issues

On March 12, Prime Minister Narendra Modi and UK counterpart Rishi Sunak reaffirmed their commitment to work towards an “early conclusion of a mutually beneficial FTA…reports Asian Lite News

A team from India’s commerce ministry will head to United Kingdom (UK) this week as both sides look to iron out outstanding issues pertaining to the proposed Foreign Trade Agreement (FTA) between them, Commerce Secretary Sunil Barthwal said on April 15.

“A team from India is going this week to the UK and some are already there. This is a continuation of the 14th round of talks,” Barthwal added.

Separately, the ministry on April 15 said, India and UK have made “good progress and majority of difficult issues are towards resolution.”

“A couple of key priority issues to seal the deal are being ironed out to have a balanced outcome,” the ministry added.

Negotiations between India and the UK for a trade agreement began on January 2022 with an initial deadline of Diwali 2022. There are 26 chapters in the pact, which include goods, services, investments, and intellectual property rights.

On March 12, Prime Minister Narendra Modi and UK counterpart Rishi Sunak reaffirmed their commitment to work towards an “early conclusion of a mutually beneficial FTA.”

Both sides are still looking to agree on matters around market access with one of the sticking points being London’s reluctance over New Delhi’s stand that British automakers have to step up the utilisation of local components in their vehicles to 45 percent to avail of concessions in India.

Recently, a team from UK visited India from March 5-7 to negotiate on outstanding issues. For the proposed FTA between India and European Union (EU), the eight round of talks is being planned in May or June 2024 in Brussels. India and EU completed the seventh round of negotiations in February 2024.

ALSO READ-UAE organises iftar meals in Philippines

Previous Story

Sunak’s absence marks significant turnout dip in Eid celebration

Next Story

Microsoft invests $1.5b in Abu Dhabi’s G42

Latest from -Top News

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister

Ukrainian forces to join VE  procession  

Ukrainian personnel will join around 1,000 UK armed forces members, including soldiers on horseback and military bands, to symbolise “the global support for their continued fight for freedom” against Russia  krainian armed

Rajnath Singh to skip Russia visit

The decision comes amid rising tensions between India and Pakistan following the recent terror attack in Pahalgam, Jammu and Kashmir…reports Asian Lite News Defence Minister Rajnath Singh will not likely attend Russia’s

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of
Go toTop

Don't Miss

Boris dismisses visa link with Indian free trade deal

Apparently, the government is thinking of relaxing visa controls from

Britain mocks Russia over its new foreign policy

Russia’s new foreign policy was adopted by Russian President Vladimir