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India, U.K. discuss advancing FTA talks
The Hindu
India and the U.K. aim to strengthen trade ties through balanced and ambitious free trade agreement negotiations.
India and the U.K. on Monday (February 24, 2025) discussed to advance the India-U.K. free trade agreement (FTA) negotiations while ensuring that the pact is balanced, ambitious and mutually beneficial.
In a post on X, Commerce and Industry Minister Piyush Goyal said both countries reaffirmed their commitment to strengthening trade and investment ties.
Also read | India, U.K. reaffirm FTA commitment at Strategic Dialogue
He held a meeting with U.K. Secretary of State for Business and Trade Jonathan Reynolds here.
"During the meeting, our discussions focused on advancing the India-UK Free Trade Agreement negotiations and ensuring that the agreement is balanced, ambitious and mutually beneficial," Mr. Goyal said.
The India-U.K. FTA negotiations were launched on January 13, 2022.
The agreement is aimed at boosting bilateral trade and investments.
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According to the United Nations’ Conference on Trade and Development (UNCTAD), the underlying logic of credit rating agencies is to avert the information asymmetry between borrowers and lenders about the latter’s creditworthiness. It further explains that issuers with lower credit ratings pay higher interest rates – reflective of the greater associated risk with lending to them, than the higher rated issuers.
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According to the United Nations’ Conference on Trade and Development (UNCTAD), the underlying logic of credit rating agencies is to avert the information asymmetry between borrowers and lenders about the latter’s creditworthiness. It further explains that issuers with lower credit ratings pay higher interest rates – reflective of the greater associated risk with lending to them, than the higher rated issuers.