Key Points
New Delhi, With the negotiations for the proposed India-UK free trade agreement (FTA) reaching its last leg, a high-level Indian official delegation is heading for London to iron out differences on remaining issues, sources said on Tuesday..
The chief negotiators of both the countries would hold negotiations on different issues such as goods, services, and rules of origin...
The visit assumes significance as last week, the Prime Minister's Office has reviewed the progress of the talks.. Sources said that the attempt of this visit would be to close the remaining issues...
The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in the UK market, besides market access for several goods at nil customs duty...
Britain is also looking for more opportunities for UK services in Indian markets in segments like telecommunications, legal and financial services (banking and insurance)...
You might be interested in
India, UK working to iron out issues on IPRs, rules of origin under proposed FTA
15, Jul, 23India and the UK are addressing differences over intellectual property rights and rules of origin in their ongoing negotiations for a free trade agreement. The countries have closed 14 of the agreement's 26 chapters, with issues surrounding environment, labour, and digital trade occurring in five remaining chapters.
India, UK seeking equal treatment for services sector companies under proposed free trade agreement: Offic
18, Jun, 23The two countries are looking at promoting trade in services through this agreement, negotiations for which was launched on January 13, 2021. As many as ten rounds of talks have been completed till June this year and both sides are aiming to conclude the negotiations at the earliest.
High-level India-EU meetings this month to boost FTA talks
06, Aug, 23India and the 27-nation bloc resumed negotiations on June 17 last year after a gap of over eight years on the proposed agreements on trade, investments and Geographical Indications (GI). India had started negotiations for a trade pact with the EU in 2007, but the talks stalled in 2013 as both sides failed to reach an agreement on key issues, including customs duties on automobiles and spirits and the movement of professionals.
14th round of India-UK FTA dialogues to start in January
18, Dec, 23India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December
India, UK officials to start 13th round of FTA talks from Sep 4
01, Sep, 23The bilateral trade between countries increased to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22.
No deadline for conclusion of India-UK trade pact talks: Commerce Secretary
16, Nov, 23The '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. Under this provision, a country that has inked an FTA with India cannot dump goods from some third country in the Indian market by just putting a label on it. It has to undertake a prescribed value addition in that product to export to India. Rules of origin norms help contain the dumping of goods.
Next round of India-Oman FTA talks from Jan 16; negotiations progressing well: Official
09, Jan, 24The next round of talks for the proposed free trade agreement between India and Oman is set to begin on January 16, with the negotiations progressing well. The Comprehensive Economic Partnership Agreement (CEPA) is the third largest export destination for India, with bilateral trade reaching USD 12.39 billion in 2022-23.
India-UK trade pact talks at advanced stage; ironing out differences: Govt
14, Oct, 23New Delhi, Oct 13 (PTI) The negotiations for the proposed free trade agreement between India and the UK are at an advanced stage, and both sides are working to iron out differences on the remaining issues, a top government official said on Friday. Commerce Secretary Sunil Barthwal said that the deliberations on tough issues are […]
Will have great FTA with India, negotiations going well: UK MP Baroness Verma
15, Apr, 23Baroness Verma told ANI, I think first of all my expectations are we're going to have a great FTA and I think it's a very complicated, complex agreement. And we can't expect things that are so complicated and so complex to be done overnight. But I know from all the conversations we've had, that everybody is working incredibly hard on all of the negotiations, and it's going well.
Next round of negotiations for UK-India trade pact scheduled in January
18, Dec, 23New Delhi [India], December 18 (ANI): The thirteenth round of negotiations for the UK-India Free Trade Agreement concluded last week, with both sides resolved that they would continue to negotiate towards a comprehensive and ambitious trade pact. The next round of negotiations, the fourteenth, will take place in January 2024. Show Full Article The latest […]