India-UK FTA: Spherical 14 of India-UK FTA talks to happen in January 2024

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The fourteenth spherical of Free Commerce Settlement negotiations between India and the UK will happen in January 2024, the Ministry of Commerce and Trade knowledgeable on Monday.

The federal government additionally offered an replace on the earlier spherical, that’s the thirteenth spherical, and mentioned that each nations held negotiations in individual and just about from September 15 to December 15, 2023.

The discussions have been held in London and Delhi, the federal government additional knowledgeable.

“As with spherical 12, these negotiations focussed on advanced points together with items, companies, and funding,” the federal government mentioned in a launch.

Additional, the federal government has reiterated that the UK and India will proceed to barter in the direction of a complete and bold FTA.

India and the UK are dedicated to growing a complete and mutually useful commerce relationship, as demonstrated by the continued discussions. India and the UK’s bilateral commerce grew from $17.5 billion in 2021–2022 to $20.36 billion in 2022–2023.The India-UK Free Commerce Settlement has encountered a number of obstacles throughout the negotiation course of, ensuing within the bold settlement being delayed by greater than a 12 months from its authentic deadline.

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