Highlighting the ongoing talks on the India-UK Free Trade Agreement (FTA), Kevin Mccole, Managing Director, of the UK-India Business Council said that they are hopeful that some deal could be done quickly and then built upon while moving forward.
In his first visit to India, Lammy will hold high level meetings with the Indian Government alongwith climate and business leaders to unlock the full potential of the UK-India partnership
The minister is on an official visit to Switzerland to take forward commitments as part of India's recently signed free trade agreement with the four-nation European bloc or EFTA (European Free Trade Association).
The minister is on an official visit to Switzerland to take forward commitments as part of India's recently signed free trade agreement with the four-nation European bloc or EFTA. During the visit, the minister held significant discussions with industry leaders and stakeholder to advance
Newly elected United Kingdom Prime Minister Keir Starmer expressed his enthusiasm for finalising a free trade agreement with India during a conversation with Prime Minister Narendra Modi.
According to S&P Global Market Intelligence, a financial information and analytics firm, the impacts the election could pose include the UK's trade agreements, willingness to use import duties, industrial support, investment in infrastructure, and support for unionization.
Union Minister Piyush Goyal has said that India is actively working on the process of free Trade Agreements (FTAs) with many countries and expressed confidence of fast progress with the United Kingdom, irrespective of the result of the British elections
German businesses see India as a very "stable place" to invest following the Lok Sabha election, said the country's Ambassador Philipp Ackermann on Friday, while anticipating increased German investment in India after the India-EU Free Trade Agreement resolves tax and tariff "impediments".
Prime Minister Narendra Modi and his British counterpart Rishi Sunak, on the sidelines of the G7 Summit, expressed satisfaction with the progress made in the Free Trade Agreement (FTA) negotiations between the two countries.
The long-awaited trade deal between India and Britain is likely to be signed after the completion of elections in the United Kingdom as the officials of India and the United Kingdom met virtually on May 7 last month.
"Good to speak to Narendra Modi to take stock following the Indian elections. We agreed to continue discussions on strengthening our bilateral relations, including the FTA. And we looked forward to the forthcoming @G7 summit where we will discuss our joint work on global issues," Ursula v