Lindy Cameron, the British High Commissioner to India, has said that talks on a bilateral investment treaty and a free trade agreement (FTA) will resume between the UK and India.
The decision comes after talks at the G-20 Summit in November between Indian Prime Minister Narendra Modi and UK Prime Minister Keir Starmer. Cameron underlined how crucial economic cooperation is.
Next month, Jonathan Reynolds, the UK's Business and Trade Secretary, is expected to travel to India to help in these negotiations. The discussions will center on important industries like services, alcoholic beverages, and electric cars.
Since January 2022, India and the UK have been negotiating a free trade agreement (FTA), and 14 rounds of talks have been concluded. The agreement was originally intended to be finalized by Diwali 2022, but political changes in the UK and elections in both nations caused delays.
Reductions in import taxes on UK exports including chocolates, electric cars, and Scotch whisky are among the main topics being negotiated, as is increased access for British businesses in India's financial services and telecommunications industries.
In keeping with their shared commitment to promoting economic growth and investment possibilities, both countries seek to accelerate talks and deepen bilateral commercial connections.
About RR Finance
An integrated financial services group, offering a wide range of financial products and services to corporations, institutions, high-net-worth individuals, and retail investors
Explore a wide range of investment opportunities with RR Finance
Disclaimer : The recommendations, suggestions, views, and opinions expressed by experts are their own and do not reflect the views of RR Finance. This news is for information purposes only, not investment advice.