Page 7 - Fta Talks

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.

Two more countries wants to start FTA talks with India: Piyush Goyal

Two more countries and a group have shown interest in negotiating free trade agreements with India, Commerce and Industry Minister Piyush Goyal said

Trying to include education as key sector of cooperation in FTA talk: Goyal

India is trying to include education as a key sector of cooperation in free trade agreements that the country is negotiating with its trading partners, Commerce and Industry Minister Piyush Goyal said

We are fast progressing in FTA discussions with nations like UK, UAE: Goyal

Under an FTA, two trading partners reduce or eliminate customs duties on the maximum number of goods traded between them.

Businesses eyeing fresh trade agreement between India and UK, says UKIBC

The UKIBC said it expected to see a step-change in the volume and nature of the trade and investment relationship between the two countries

US hints at possibility of reducing trade, investment barriers with India

Earlier this year, in July, Commerce and Industry Minister Piyush Goyal and the US Secretary of Commerce, Wilbur Ross, had discussed the possibility of an FTA agreement between both the countries

India seeks stronger rules of origin as it urges ASEAN for FTA review

New Delhi insists review process must start before 2020 end, pushes for removal of barriers in existing deal

Will not sign FTA in a hurry to avoid RCEP-like impasse: Piyush Goyal

On November 4, Prime Minister Narendra Modi announced in Bangkok that India will not join RCEP as negotiations failed to address New Delhi's "outstanding issues and concerns"

Flawed strategy

Regional FTAs are out, but bilateral ones are as tough

Revenue foregone to service Asean FTA more than doubles to Rs 26,000 crore

The government reportedly fears the figure for revenue foregone may be as high as Rs 60,000 crore for the proposed Regional Comprehensive Economic Partnership deal once it goes live

Taiwan looks to fast-track FTA talks with India, eyes higher tech exports

Taiwan looking for higher tech, precision tools exports; India wants OEMs to set up shop here

India-Mauritius to restart FTA talks soon

Agreement of strategic importance to counter Chinese presence in the Indian Ocean