Congress MP Shashi Tharoor welcomed the revival of Free Trade Agreement negotiations between India and United Kingdom and shared a selfie of him with Britain's Secretary of State Jonathan Reynolds and Commerce and Industry Minister Piyush Goyal.
The Free Trade Agreement talks between India and the United Kingdom (UK), which are set to resume, will be pathbreaking and help the trade to grow 2 to 3 times in a decade, said Piyush Goyal, Union Minister of Commerce and Industry, on Monday.
The two sides have agreed to resume negotiations towards a balanced, mutually beneficial and a forward-looking deal that delivers mutual growth and builds on the strengths of two complementary economies.
Union minister Piyush Goyal posted on X, "Delighted to meet & welcome @JReynoldsMP, UK Secretary of State for Business and Trade, to Incredible India! Looking forward to an action-packed day of discussions."
Switzerland and other European Free Trade Association (EFTA) nations, including Iceland, Liechtenstein, and Norway, are set to invest USD 100 billion in India over the next 15 years, according to Martin U Maier, Consul General of Switzerland in Mumbai.
Union Commerce and Industry Minister Piyush Goyal on Sunday said that India will finanlise free trade agreement with the United States of America by the end of the year.
He said, "It will certainly have no impact on this very important free trade treaty, TEPA, which we have concluded and which is now in the process of ratification and should then to interforce in the latter part of the year or at the latest next year."
A dedicated desk has been launched to deepen the economic engagements between India and the European Free Trade Association (EFTA) countries -- Iceland, Liechtenstein, Norway and Switzerland.
US Representatives Tom Tiffany from Wisconsin and Scott Perry from Pennsylvania reintroduced a resolution urging the US to end its "One China" policy, resume formal diplomatic ties with Taiwan and negotiate a bilateral Taiwan-US free trade agreement.
New Delhi [India]/ London [UK], January 28: The UK's Secretary of State for Business and Trade, Jonathan Reynolds, has revealed that he will be visiting India next month in an effort to propel the bilateral Free Trade Agreement (FTA) negotiations with urgency. India Global Forum launches 'Se