India, UK to work on open trade pact after Brexit completion: Arun Jaitley

Both agree on £500-million fund for clean-energy projects

India and the United Kingdom (UK) may look to work on a free-trade agreement (FTA) after the latter formally completes its separation from the European Union (EU), Finance Minister Arun Jaitley said on Tuesday. Jaitley met British Chancellor of the Exchequer Philip Hammond in New Delhi, where the two discussed a number of issues and signed an agreement to set up a £500-million fund to finance clean-energy projects.

Addressing reporters along with Hammond after their meeting, Jaitley said that a formal dialogue on a possible trade agreement can start only after the completion of Brexit, which is expected to take