INDIAAND THE UK are set to sign the free trade agreement (FTA) between the two countries here by month-end, with all outstanding issues having been resolved, an official source told FE.
UK Prime Minister Rishi Sunak will travel to India late October to sign the ambitious agreement that is expected to spur two-way trade in goods and services and increase capital flows in the form of foreign direct investment.
Early last month, while attending the G20 Leaders' Summit in New Delhi, Sunak had said he and Prime Minister Narendra Modi were keen to see a "comprehensive and ambitious trade deal" concluded. However, there was "still some hard work to be done", and the pact must "work for both the countries", he had said.
"All the contentious issues in the proposed FTA have been resolved," an official aware of the negotiations told FE.
However, the Bilateral Investment Treaty (BIT) will be signed later as common ground has not been reached so far, the official added. Till a BIT is signed, the India-UK Infrastructure Financing Bridge will address any bilateral issues in investments.
هذه القصة مأخوذة من طبعة October 05, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة October 05, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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