India, UK announce resumption of FTA negotiations to resolve outstanding issues

India and the United Kingdom (UK) have announced the resumption of negotiations on the Free Trade Agreement (FTA), which have been suspended in two countries following the elections.

This was announced on February 24, by Petush Gir, the Minister of Trade and Industry and Anti Reynolds, a Secretary of State of Staff of the United Kingdom Business and Trade Department, which is located in New Delhi.

“Both sides agreed to resume talks on a balanced, mutually beneficial and advanced transaction, which provide mutual growth and are being built on the strengths of two complements. The strengthening of trade relations between our two countries has potential to open opportunities for business and consumers and develop our neighbors and develop our already deep ties. “

However, the ministers refused to schedule when the talks will end, and FTA will be signed.

“The United Kingdom and India strikes the perfect chord, like cold, stars’ heaven, who have published the stadium of Naryidra Modi …

However, he mentioned that it is never too early and it is never too late to make a good agreement. “I think that I have consistently maintained our trade negotiations when trading agreements are in the long run,” said the goal. which benefits for both sides. It is always good to conclude quickly, so we will have speed, but we should not be hurried, “he said.

Reynolds also stressed that the deal is long-term, but emphasized that it is a priority of the British government and fully supports British Prime Minister Kade Starke.

Along with FTA, countries are also negotiating a bilateral investment agreement, as well as a double implementation of the Social Security or Totization Agreement.

The Faculty of Commerce and Business of Great Britain noted that the foreign ministers of the two countries will start negotiations on a modern economic transaction on two days.

The bilateral trade between India and the United Kingdom amounted to $ 21.34 billion in 2023-24. The UK is the sixth largest investor in India.

Goyem said that immigration was never part of the FTA talks, but several countries where Indian students go to higher education, pushing their education to a certain period of time. This is done through a business visa, he said.

Reynolds expressed hope that there will be an average basis for India, as well as other adhesive points for India, as well as other stickers for India.