London/New Delhi: India and the UK are aiming to start negotiations for the proposed bilateral free trade agreement by November 1, a move aimed at enhancing trade and investments between the two countries. Commerce and Industry Minister Piyush Goyal on Tuesday said the two countries are moving towards an early harvest trade agreement, with a comprehensive FTA (Free Trade Agreement) as the next step. The UK expressed hope that there is a “strong possibility” to get an early agreement on trade between the two countries. The matters related to FTA came up during a virtual meeting between Goyal and his British counterpart Secretary of State Elizabeth Truss on Tuesday. “Proposed FTA between India and the UK is expected to unlock extraordinary business opportunities and generate jobs. Both sides have renewed their commitment to boosting trade in a manner which benefits all,” India’s Commerce and Industry Ministry said in a statement. Speaking on the occasion, Goyal said there is a keenness to have an early conclusion of negotiations for quick and early economic benefits to businesses on both sides. He also informed that substantial work has already been done and extensive stakeholder consultations have been held involving industry, business associations, export… Read full this story
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