Page 6 - Fta Talks

India asking for renegotiation of FTAs with Japan, S.Korea -trade minister

Goyal also termed India's free trade agreement with the Association of Southeast Asian Nations (ASEAN) "ill-conceived" and "unfair" to the Indian industry

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Women-led SMEs to benefit from proposed FTA with India: UK minister

Women-owned and women-led small and medium enterprises (SMEs) are set to benefit from a proposed India-UK free trade agreement (FTA) as part of a "Trade and Gender Equality" chapter which has been provisionally closed at the end of 10 rounds of negotiations, UK Business and Trade Secretary Kemi Badenoch has said. In response to the House of Commons Business and Trade Committee, which scrutinises her department's work, the cabinet minister also revealed last week that short-term ease of business mobility and mutual recognition of professional qualifications were among the topics in discussion as part of the FTA. India and the UK have been negotiating an FTA since January last year to significantly enhance the bilateral trading relationship, worth an estimated GBP 36 billion in 2022, with an 11th round of negotiations scheduled for this month. We have also provisionally closed a Trade and Gender Equality chapter in which we have agreed to undertake cooperation activity, said Badenoch,

No deal for access to Britain's labour market: UK on India FTA talks

Britain launched trade talks with India in January last year, and Prime Minister Rishi Sunak has stressed that he won't sacrifice quality for speed in negotiations

India, UAE to review CEPA progress next week, to chalk out data sharing

A delegation from the UAE will be in the national capital next to meet key officials from the department of commerce, a person aware of the matter said

India-UK FTA negotiations conclude with 'detailed' policy discussions

The ninth round of India-UK free trade agreement (FTA) negotiations concluded with detailed discussions across a range of policy areas, the UK government said on Wednesday. A joint outcome statement issued by the Department for Business and Trade (DBT) revealed that Round 9 of the ongoing talks took place between April 24 and 28 in a hybrid format, with some Indian officials travelling to London and others attending virtually. There is no date set for the 10th round of negotiations, which is likely to be hosted by New Delhi, also in a hybrid format. In continuation of the eighth round of negotiations held during 20-31 March 2023 in New Delhi, the United Kingdom and the Republic of India held the ninth round of talks during 24-28 April for a UK-India FTA, the DBT statement said. As with previous rounds, these were conducted in a hybrid fashion a number of officials from India travelled to London and others attended virtually. During the round, detailed discussions took place across

FTA between Israel, India to be discussed today, informs Israeli Minister

Talking about the sectors that will figure in their discussions, the minister said the talks will be on wide-ranging sectors to enable more and more trade and "free trade brings people together"

Europe open for international trade, says German Chancellor Scholz

German Chancellor Olaf Scholz also said he is doing his utmost to ensure that the free trade agreements with India and some other countries gets sealed

India's push for free trade negotiations: A status check of ongoing deals

Take a look at the status of the ongoing FTA negotiations by India

Sixth round of India-UK FTA ends with detailed draft treaty talks

The sixth round of negotiations between India and the UK to finalise a free trade agreement (FTA) concluded last week with detailed draft treaty discussions across 11 policy areas over 28 separate sessions, the British government said on Thursday. The UK's Department for International Trade (DIT) issued a joint outcome statement to confirm that the latest round, initiated by UK Trade Secretary Kemi Badenoch and Commerce Minister Piyush Goyal on December 12, concluded last Friday. The seventh round of talks, expected to be held in the UK, is due to take place in early 2023. "Technical discussions were held across 11 policy areas over 28 separate sessions. They included detailed draft treaty text discussions in these policy areas, the DIT statement reads. As with the previous five official-level rounds, the DIT said the latest round was conducted in a hybrid fashion during which a number of UK officials travelled to New Delhi for negotiations and others attended virtually. The joint

India-UK FTA:'Mustn't hurriedly wrap negotiations with artificial deadline'

UK India Business Council MD lists four "Ps" to explains why he is confident the deal will happen

Committed to working quickly on UK-India free trade agreement: Rishi Sunak

Prime Minister Rishi Sunak has said that the UK government remains committed to working as quickly as possible towards a successful conclusion to the ongoing free trade agreement (FTA) talks with India, as the majority of the substantive negotiation conversations were completed at the end of last month. At a House of Commons session on the G20 Summit in Indonesia on Thursday, the British Indian leader updated Parliament that he reviewed progress on the FTA during his first meeting with Prime Minister Narendra Modi since taking charge at 10 Downing Street. He was questioned by Opposition Labour Party Leader Keir Starmer and his own Conservative Party MPs on the timeline for the completion of the agreement with India. I discussed the free trade agreement with India, and both the Prime Minister of India and I committed our teams to working as quickly as possible to see if we can bring a successful conclusion to the negotiations, said Sunak. Without negotiating all these things in publ

What is a free trade agreement?

Australia recently said that the free trade agreement with India has been tabled in its parliament, and is likely to be passed soon. But what is a free trade agreement? Watch this report to know more

A stringent patent rule is latest hurdle for India-UK free trade agreement

The draft has also proposed to prohibit pre-grant oppositions, which means that India will not be able to stop challenges to weak/invalid patents until after they have been granted

South Korea, Arab nations to hold new round of FTA talks next week

Various issues will be on the table during the upcoming meeting, including goods and services trading, country of origin, digital trade and intellectual property rights, the ministry said

FTA well on track, will wait and see: Piyush Goyal after Truss resigns

Union Commerce Minister Piyush Goyal Thursday said India will wait for the change in leadership before formulating a strategy vis a vis the UK.

India-UK Free Trade Agreement talks face deadlock over data: Report

Data localisation and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations towards a Diwali draft completion deadline, according to a UK media report on Sunday. 'The Daily Telegraph' quoted a source close to the talks to say that data localisation rules that prevent foreign companies taking data out of India and allowing UK firms to bid for public sector contracts are two key "sticking points" to a comprehensive deal. The likelihood of a so-called "thin" trade deal within the symbolic Diwali or October 24 deadline and further iterative deals at a later stage is now looking like a likely outcome. "The stumbling blocks are absolutely to do with digital. How ambitious and comprehensive this deal is is in some way a function of time," the newspaper quoted an "insider" as saying. It follows UK Trade Secretary Kemi Badenoch indicating earlier this week

UK Parliament panel warns against rushing India FTA to meet Diwali deadline

A UK parliamentary panel warned the government against accepting a poor deal to rush things through simply to meet a deadline set for the completion of a free trade agreement (FTA) with India.

No indication about effect of UK PM exit on FTA talks: Piyush Goyal

In January, both countries formally launched talks for a free trade agreement to boost bilateral trade and investments

India, UK decide to push for sealing ambitious FTA by the end of this year

PM Modi and UK PM Boris Johnson on Friday pushed for closing the negotiations for a free trade agreement by the end of the year, and agreed on a expanded bilateral defence and security partnership.