You are here: Home » Economy & Policy » News
Business Standard

India, UK hold discussions to promote bilateral trade, investments

India and the UK have held discussions on promoting bilateral trade and investments between the two countries

Topics
India UK relation | Trade exports | India trade

Press Trust of India  |  New Delhi 

imports, exports
Representational image of trade

India and the UK have held discussions on promoting bilateral trade and investments between the two countries, an official statement said on Monday.

The talks were held between Minister for Commerce and Industry Piyush Goyal, and UK Secretary of State for International Trade Elizabeth Truss MP on February 6.

Both the ministers agreed to deepen trade cooperation between the two countries through an Enhanced Trade Partnership (ETP).

"They also reviewed progress in removing market access barriers on both sides and ongoing cooperation in response to COVID-19," the commerce ministry said.

It added that the two sides reviewed the ongoing engagements between the two sides for an ETP to develop a roadmap that would lead to a potential comprehensive FTA (free trade agreement), including considerations on an interim pact on a preferential basis.

"In a significant step forward, the ministers agreed that this partnership would formally be launched during the visit of the UK Prime Minister to India, later this year," it said.

The two countries also expressed commitment to relaunch the UK-India CEO Forum and agreed on the Forum's meeting at the earliest.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, February 08 2021. 16:49 IST
RECOMMENDED FOR YOU
.