SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 23 Nov, 2022  

India.UK.9.Thmb.jpg India-UK free trade pact talks to restart next month: Goyal

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 23 Nov, 2022
The government said on Tuesday that the negotiations on the proposed free trade agreement (FTA) between India and the UK are very much on track and are expected to restart next month.

Union Commerce Minister Piyush Goyal, while speaking on the sidelines of a steel industry event, said that the India-UK FTA is a high-priority issue for both the nations and negotiations on it are expected to take place next month.

Goyal said he is already in touch with his UK counterpart for the next round of talks on the trade pact.

He added that while things on the agreement were progressing quite fast, due to the political developments in the UK, there was "little bit of a blip" (after Boris Johson and Liz Truss resigned in quick succession as Prime Ministers and Rishi Sunak took charge last month), "but now there is a stable government (in the UK) and efforts are on to restart the negotiations next month".

The Commerce Minister added that industry support is required for the agreement, which should be a balanced one for India.

He also said that there cannot be strict deadlines for wrapping up such sensitive negotiations, as thorough discussions are needed to safeguard the country's trade interests.

Both India and the UK had begun discussions on the FTA in January this year, and former British Prime Minister Boris Johnson had expressed optimism that these would be concluded by Diwali (October 24). However, due to the political crisis in that country, things got delayed.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter