Synopsis Both the minister and the Lord Mayor, William Russell, underlined the Enhanced Trade Partnership (ETP) agreed between Prime Ministers Narendra Modi and Boris Johnson at their virtual summit in May as setting out an ambitious roadmap to at least double bilateral trade by 2030. The UK and India are in a “sweet spot” of global trade dynamics as negotiations for a free trade agreement (FTA) begin in the coming weeks, according to Britain’s trade minister in charge of the bilateral talks. Liz Truss, UK Secretary of State for International Trade, revealed that the public consultation process ahead of the trade negotiations attracted “huge interest” from businesses across the UK and its completion last month means that FTA negotiations can now begin. Addressing a special reception hosted by the Lord Mayor of London to celebrate the UK-India Economic Partnership on Tuesday evening, the minister confirmed that both sides will “hammer out” the details during the upcoming visit of Commerce and Industry minister Piyush Goyal to the UK and Europe next week. “We just completed our consultation on an Indian trade deal, which saw huge interest from businesses across the country. We are now going to begin negotiating a free trade… Read full this story
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