Page 10 - India Uk

No deadline for conclusion of India-UK trade pact talks: Commerce Secretary

India and the UK are not working under any deadline for the conclusion of negotiations for a free trade agreement as both sides are discussing issues that are "slightly" complex in nature, a senior government official said on Wednesday. Commerce Secretary Sunil Barthwal said that the two countries are working to finalise the issues as early as possible. "We are not working (under) any deadlines...because there are issues which are of slightly complex in nature and which have economic significance for both the countries," he told reporters here. "So we are looking at those issues much more carefully...so there is no deadline as such, we are working under timelines," he added. Joint Secretary in the commerce ministry and India's chief negotiator for the pact, Nidhi Mani Tripathi, said that the two sides continue to discuss the "outstanding issues" which remained unresolved. "At all levels, there have been continuous exchanges to iron out differences and we intend to close as many as

Here's why India and UK are acting like cowards on the free trade agreement

Indian negotiators are pushing for strict "rules of origin" checks for tradable goods, to make sure that any FTA benefits apply only to goods made predominantly in Britain

India, UK share climate action goals, says British Indian minister

Britain's newest Indian-origin Cabinet minister, Claire Coutinho, has spoken of the shared energy and climate change goals between the two countries in her first major diaspora speech as UK Secretary of State for Energy and Net Zero. The 38-year-old Goan-origin Conservative MP, promoted by Prime Minister Rishi Sunak in a recent Cabinet reshuffle, joked about setting somewhat of a trend as the latest British Indian member in frontline British politics at a diaspora Diwali reception organised by India Global Forum (IGF) here on Thursday evening. As the second Cabinet minister of Goan heritage after Home Secretary Suella Braverman, Coutinho stressed the hugely important India-UK partnership and the potential for further collaboration in the climate action sphere. I am not the first British Indian Cabinet member. I'm not even the first Goan Cabinet member because we are starting quite a trend in this country, said Coutinho. The relationship, that living bridge that we have with India,

India-UK trade deal: Prospects & challenges

Could a successful negotiation herald a new era in their modest trade relationship?

The Diwali deadline

India-UK FTA needs to be expedited

UK officials pressured to drop IP law demands in India trade talks

Critics say the changes would damage India's position as a leading provider of generic drugs - essentially "copycat" versions of those which fall out of patent

India, UK see free-trade deal possibly in December after poll results

There isn't any firm deadline but an announcement could be made after the vote concludes and results are out December 3

India, UK trade ministers review progress of talks on proposed FTA

India and the UK on Saturday reviewed the progress of negotiations of the proposed free trade agreement (FTA), talks for which have reached the final stage. The progress was reviewed by Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Kemi Badenoch in Osaka, Japan. Both ministers are in Japan for the Group of Seven (G7) trade ministers meeting in Osaka. Discussed the progress of India-UK free trade agreement negotiations with UK Secretary of State for Business and Trade Kemi Badenoch, Goyal said on social media platform X. Negotiations between senior officials of India and the UK are on to bridge differences on issues such as rules of origin and services sector, with an aim to conclude the talks for the proposed FTA at the earliest. India and Britain launched the talks for a trade agreement in January 2022, with an aim to conclude them by Diwali last year (October 24, 2022), but the deadline was missed due to political developments in th

UK-India free trade deal poses risk for British millers Tilda and Veetee

British rice millers such as Tilda Ltd. and Veetee Rice have thrived for decades by importing low-tariff unmilled brown rice from the likes of India and Pakistan and "polishing" the grains

British delegation to commence next round of India-UK FTA talks on Oct 9

A 30-member official delegation from the UK will start the next round of negotiations for a free trade agreement with the Indian team here from Monday to close remaining issues so that the two countries conclude the talks soon, an official has said. Both countries have recently concluded the 13th round of negotiations. A team led by Commerce Secretary Sunil Barthwal was in London last week to give an impetus to the talks. The UK team dealing with investment-related matters is already here, and the talks for the proposed bilateral investment treaty (BIT) with finance ministry officials are progressing at a faster pace. "The 30-member team will be here tomorrow, and both sides are attempting to close the remaining issues, such as rules of origin. Everything is at the closure level," the official said. The 'rules of origin' provision prescribes that minimal processing should happen in the FTA country so that the final manufactured product may be referred to as goods originating in tha

India-UK FTA talks gain steam: Commerce secy, team in London to push deal

Thirteen rounds of negotiations have been completed so far

Delegation of UK universities in India to discuss transnational education

The largest ever delegation of UK universities and education leaders is in India on a five-day visit to meet key stakeholders with discussions on internationalisation of higher education institutions through partnership, dual degrees and furthering research collaborations on the agenda, according to top officials from the British government. The delegation, coordinated by the Department for Business and Trade (DBT), includes representatives from 31 UK higher education institution and bodies who will meet with key officials from various Indian universities as well as state and central government bodies across Delhi, Mumbai, Ahmedabad and Chennai. The members of the delegation, who arrived in the national capital on Sunday, will participate in the India-UK Higher Education Conference on September 18 and 19 in Delhi. The discussions will focus on Transnational Education (TNE) and facilitate the expansion of higher education partnerships between the institutions from the two countries.

Historic India Club to close doors in London after losing lengthy battle

Established in 1951 by India's first high commissioner to London, the club may be turned into a luxury hotel by Marston Properties

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

Business Standard brings you the latest headlines at this hour

From FTA to FinTech: Highlights from India-UK Economic Financial Dialogue

Union Finance Minister Nirmala Sitharaman and UK's Chancellor of the Exchequer Jeremy Hunt discuss collaborations in financial services, infrastructure, and trade

Want easier intra-company transfers for workers: India on UK FTA talks

Vikram Doraiswami said that India has been seeking the simplification of the process by which intra-company transfers happen

Goyal, UK SoS Trade Bandenoch discuss further boosting trade relations

While appreciating the efforts of both the CNs, the Ministers desired a good pace of exchanges to be continued with a better understanding of each other's aspirations and sensitivities

Sunak faces questions over wife Akshata's shares in FTA with India: Report

British Prime Minister Rishi Sunak could face some transparency questions related to wife Akshata Murty's Infosys shares, worth an estimated 500 million pounds, in a proposed free trade agreement (FTA) with India, according to a media report. The Observer' claims the Opposition Labour Party and trade experts are questioning the full financial impact as Infosys, the Bengaluru-headquartered software service major co-founded by Akshata's father Narayana Murthy, stands to benefit from any such trade deal. India and the UK have been negotiating an FTA, now in its 12th round of negotiations, as Sunak prepares for his first visit to India as British Prime Minister for the G20 Leaders' Summit next month. As the Prime Minister recently learned, it's important he declares any interests properly. I expect him to do so in respect of the India trade deal too, said Darren Jones, Labour MP and chair of the cross-party House of Commons Business and Trade Select Committee which has been scrutinisin

India-UK FTA negotiations going on, making good progress: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the negotiations between India and the UK for the proposed free trade agreement are progressing and both countries are committed to concluding the talks as early as possible. "We are working hard, we are all committed to a fair, equitable, and balanced trade agreement, respecting each other's sensitivities, respecting the different levels of developments that both the countries have and respecting the future potential that each country brings to the table," Goyal told reporters here. Keeping all of these circumstances in mind, the two countries have made "good" progress and the 12th round of talks is undergoing, he added. When asked about the deadline for concluding the negotiations, the minister said no country in the world works through specific deadlines. "But I would like to see it happen tomorrow, the faster the better We are both committed to a good outcome, at the fastest possible speed," he added. UK Business and

India-UK FTA in final stages, says UK trade secretary Kemi Badenoch

'Difficult for many countries to agree on joint communique'