UK-India talks on free trade pact going well |
The negotiations between India and the UK to strike a free trade agreement (FTA), launched in the second week of January 2022, will conclude quickly due to an "absolute agreement" at the senior political level. This is the claim from the Mayor for the West Midlands region of England. Andy Street, who is in charge of the West Midlands Combined Authority that covers some of England`s major industrial hubs of Birmingham and Coventry, expects his region to reap huge benefits from such an FTA. UK International Trade Secretary Anne-Marie Trevelyan met her Indian counterpart Commerce and Industry Minister Piyush Goyal in New Delhi to formally flag off the negotiations. While their joint statement sets an end of the year timeline for the conclusion of negotiations, there is much speculation that such discussions are likely to drag on much further.
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