India UK FTA
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UK Acknowledges Progress in India FTA Talks Regarding Market Access
During a recent session in the House of Lords, UK Foreign Secretary David Cameron fielded inquiries from British peers regarding the state of religious freedom in India. The restructuring of the BBC, necessitated by India's foreign direct investment (FDI) regulations, sparked questions from Liberal Democrat peer Lord Jeremy Purvis. He specifically raised concerns about the level of market access granted to India, particularly in the realms of media, data, and telecoms, within the framework of FTA negotiations.
Modi and Sunak Applaud Advancements in Free Trade Agreement Discussions
During their telephonic exchange, both leaders reiterated their commitment to bolstering the bilateral comprehensive strategic partnership, as highlighted in an official statement.
UK Trade Minister: FTA with India Possible Before Elections
Speaking at a Global Trade conference hosted by the think tank Chatham House in London, Badenoch highlighted the challenges posed by India's protectionist economic policies compared to the UK's more liberalized approach. She underscored the importance of ensuring a trade pact that holds substantial commercial value rather than being merely a political gesture ahead of an election.
India's Cautious Approach to Free Trade Agreements: Goyal
Goyal emphasized the importance of extensive stakeholder consultations and inter-ministerial meetings throughout trade negotiations to ensure that FTAs are fair, balanced, and beneficial for all parties involved.
India, UK FTA likely to be finalised this year, says Commerce Secretary
Commerce Secretary Sunil Barthwal told media persons that the deal is likely to be finalised before end of this year, as all contentious issues have been resolved. The deal is aimed at propelling growth and creating jobs. Commerce Minister Piyush Goyal had recently visited London to conclude the 11th round of talks to finalise the FTA. Barthwal too had accompanied him.
Piyush Goyal, UK Trade Secretary discuss resumption of FTA negotiations
UK Trade Secretary Badenoch is in India to restart the India-UK FTA negotiations, which got stalled in July this year. The negotiations would aim to cut tariffs and facilitate financial and legal services by the UK in India. Badenoch will also meet business leaders to seek their feedback regarding the trade pact.
UK trade secretary in India to resume FTA negotiations
Both the leaders are expected to begin the sixth round of FTA negotiations. The negotiations would aim to cut tariffs and facilitate financial and legal services by UK in India. Badenoch will also meet business leaders to seek their feedback regarding the trade pact.
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