Prime Minister Narendra Modi has set a very ambitious desire to get the India-UK Free Trade Agreement signed by Diwali and his new British counterpart Liz Truss wants her administration to "match the pace and ambition" of the Indian leader, UK Foreign Secretary James Cleverly has said. Cleverly also said that the bilateral relationship between India and UK is longstanding and wide-ranging, which is both a "huge plus" but it also means that "quite understandably there is a desire to have a very, very wide-ranging, meaningful free trade agreement." "Obviously, Prime Minister Modi has set a very ambitious desire to get a free trade agreement signed by Diwali. Now that means that both us and Indian negotiators are going to have to work very, very hard but we are very willing to do so," Cleverly told PTI in an interview here Wednesday on the margins of the high-level UN General Assembly session. "We want to make sure that the deal that we do, ideally by Diwali, is the first step in a ...
Union Commerce Minister Piyush Goyal on Tuesday said the UK is keen to stick to the Diwali deadline for India-UK free trade agreement and both countries are working towards it
Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January
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
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