AFTER LONG DELAYS, negotiations on the India-UK free trade agreement (FTA) are set to get a leg-up, with commerce and industry minister Piyush Goyal's two-day visit to the island nation beginning today.
According to a senior official, major headway was made in the negotiations, prior to the visit."Of the 26 policy areas under discussion, 14 chapters have been substantially closed for negotiations and significant progress has been made in other chapters," he said.
The minister's visit follows British Prime Minister Rishi Sunak's statement last month, reaffirming his commitment to a "truly ambitious" FTA with India and indicating his plans to push for an early deal during his visit to New Delhi for the G20 Summit in September.
The conclusion of negotiations on the trade pact missed the deadline of October last year. No new deadline has been set but officials say that, "both sides aim to conclude negotiations at the earliest." India-UK negotiations on FTA had started in January 2021.
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