
UK Aims To Start Trade Talks With India This Year
NDTV
"We are currently in the pre-ngotiation scoping phase of an FTA (free trade agreement), with the aim of starting negotiations by the end of this year," a spokesperson for Britain's Department for International Trade said.
The United Kingdom said on Tuesday it aims to start negotiations for a trade agreement with India by the end of the year. "We are currently in the pre-ngotiation scoping phase of an FTA (free trade agreement), with the aim of starting negotiations by the end of this year," a spokesperson for Britain's Department for International Trade said. "With bilateral trade valued at 23 billion pounds ($31.60 billion) in 2019, a trade deal with India will help boost British exports through lower tariffs and increased investment opportunities," the spokesperson said in an emailed statement. A trade accord with India is seen as a key target for post-Brexit Britain. Prime Minister Boris Johnson reluctantly called off a trip to Delhi in April this year after COVID-19 cases spiraled across India.More Related News