Key Points
India and the UK are not working under any deadline for the conclusion of negotiations for a free trade agreement as both sides are discussing issues that are "slightly" complex in nature, a senior government official said on Wednesday..
"We are not working (under) any deadlines...because there are issues which are of slightly complex in nature and which have economic significance for both the countries," he told reporters here.. "So we are looking at those issues much more carefully...so there is no deadline as such, we are working under timelines," he added...
Joint Secretary in the commerce ministry and India's chief negotiator for the pact, Nidhi Mani Tripathi, said that the two sides continue to discuss the "outstanding issues" which remained unresolved...
Issues which are under negotiation include social security pact, automobiles, medical devices, movement of professionals; rules of origin; intellectual property rights (IPRs); duty concessions on electric vehicles, scotch whiskey, lamb meat, chocolates; and liberalisation of norms in services sectors like banking and insurance...
The 'rules of origin' provision prescribes minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country...
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