With Liz Truss becoming new prime minister of the UK, Commerce and Industry Minister Piyush Goyal has expressed hope for early conclusion of talks with Britain for a free trade agreement, aimed at boosting bilateral economic ties. "A little bit of political changes may have derailed (conclusion of FTA negotiations) by few weeks, but I do hope (that) with...Liz Truss assuming prime ministership of the UK, we may now be able to make up for some lost time (to conclude the FTA negotiations)," Goyal said here on Monday while addressing members of the Institute of Chartered Accountants of India (ICAI). Officials in India were looking to conclude the negotiations for the trade agreement by August 31, but political developments in Britain could have slowed the talks a bit. In January, both countries formally launched talks for a free trade agreement (FTA) to boost bilateral trade and investments. It was launched when Boris Johnson was the prime minister and Truss was the international trade
The Department for International Trade brought together technical experts for discussions in 71 separate sessions covering 20 policy areas
The way things are progressing between the two negotiating teams, a free trade agreement (FTA) between India and the UK could be ready by Diwali, said Piyush Goyal during a visit to Britain
In his comments, Modi said, 'good progress' is being made in the negotiations for the FTA and that both sides have decided to do their best to close the pact by the end of this year
Technical experts from both sides came together for discussions in 64 separate sessions covering 26 policy areas
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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
Boris Johnson met PM Narendra Modi on the sidelines of G7 summit in Biarritz, France, last month
UK's Free Enterprise Group suggests a five-step plan as it gets ready to leave the EU