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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'

FTA talks 'laser-focussed': UK officials as trade minister heads to India

India and the UK have made good progress in closing chapters and the free trade agreement (FTA) negotiations are now laser-focussed on goods, services and investment, UK officials said on Wednesday ahead of Business and Trade Secretary Kemi Badenoch's visit to India to attend the G20 summit. After the G20 Trade and Investment Ministerial Meeting in Jaipur, which is scheduled for Thursday and Friday, Badenoch is expected to head to New Delhi for bilateral talks with her Indian counterpart, Commerce and Industry Minister Piyush Goyal. Their discussions will coincide with the ongoing twelfth round of FTA negotiations that are underway in Delhi since last week. The UK and India are committed to working towards the best deal possible for both sides. We've made good progress in closing chapters, and are now laser-focused on goods, services, and investment, said a UK Department for Business and Trade (DBT) spokesperson. While we cannot comment on ongoing negotiations, we are clear that we

FTA talks: Treaty to figure prominently during UK's high-level team visit

Issues pertaining to the proposed bilateral investment treaty being negotiated between India and the UK along with a free trade agreement will figure prominently during the visit of a high-level team from Britain here, an official said. UK Secretary of State for Business and Trade Kemi Badenoch and Director General for Trade Negotiations at the Department for Business and Trade (DBT) Amanda Brooks are visiting India this week. Besides participating in the G20 Trade and Investment Ministerial Meeting in Jaipur on August 24-25, the UK minister will hold bilateral talks with Commerce and Industry Minister Piyush Goyal on August 26 here and review the progress of talks on the free trade agreement. The UK minister is also expected to meet Finance Minister Nirmala Sitharaman on various issues, including the bilateral investment treaty. Brooks would also meet senior officials of the department of economic affairs in the finance ministry, which is leading the negotiations on the investment

Requirements for a UK work visa might get easier for Indians. Here is why

Net migration to the UK reached an unprecedented 606,000 individuals last year

Govt likely to slash duty on UK cars, scotch whisky under trade pact

Striking a trade accord is critical for India's ambition to become a manufacturing powerhouse, while the UK is seeking to clinch new deals to highlight the benefits of Brexit

Trend line on India-UK FTA very positive, says High Commissioner Doraiswami

Ahead of the 12th round of the India-UK free trade agreement (FTA) negotiations starting in New Delhi on Wednesday, the Indian High Commissioner to the UK has expressed optimism that officials on both sides will be able to get something working and find a right fit towards a mutually beneficial pact. High Commissioner Vikram Doraiswami told PTI that he is positive as both countries seem keen to make necessary adjustments, recognising the complexities involved with the very different structures of the two similar-sized economies. On the wider bilateral partnership, he expressed similar optimism around an "obvious synergy" across different sectors. I'm positive about it (FTA) My intention is that to the extent we can, we would like a mutually beneficial forward-looking FTA to be concluded, said the High Commissioner. I believe both sides are keen on making the necessary adjustments. Even though we're both similar-sized economies, we are dissimilar in the structures of our economies a

Govt hopes to close India-UK free trade agreement issues by month-end

The 12th round of talks between the countries is in progress here and is expected to continue until at least 28 August

Army Chief Gen Manoj Pande leaves for UK to attend military event

Army Chief Gen Manoj Pande on Wednesday left for the UK on a five-day visit to attend a prestigious military event and hold talks with the top British defence brass on bilateral strategic issues. Gen Pande will review the 201st Sovereign's Parade of Commissioning Course at the prestigious Royal Military Academy in Sandhurst as the 'Sovereign's Representative' for the parade, the Army said. The Sovereign's Parade at the Royal Military Academy Sandhurst is a reputed event, known for its illustrious history and the passing out of officer cadets from across the globe. Gen Pande is the first Chief of the Army Staff from India to be the Sovereign's Representative for the parade, according to the Army. The Chief of Army Staff will also be visiting the Indian Army Memorial room which occupies a place of pride in the Royal Military Academy. He is scheduled to hold talks with with Gen Sir Patrick Sanders, Chief of General Staff of the British Army and Gen Gwyn Jenkins, Vice Chief of Defence

Demand on data-related issues, concessions on dairy out of India-UK FTA

Protecting the interest of domestic players, India has kept demands of Britain on data related issues and giving any kind of duty concessions on dairy sector out of the ambit of the proposed free trade agreement being negotiated between the two countries, sources said. However, India is looking at providing duty concessions on auto, and certain confectionery items, they said. The negotiation for the agreement has reached a critical stage and in all likelihood it could be concluded by October end or November. The talks received a great impetus due to the recent visit of Commerce and Industry Minister Piyush Goyal and Commerce Secretary Sunil Barthwal to London in July, where both held a series of meetings with different stakeholders including senior British officials. The negotiation would get a further fillip during the meetings of trade ministers of India and the UK at the sidelines of G20 trade ministers meeting this month in Jaipur. "The visit of the Indian minister and secreta

India, UK launch health care alliance in a bid boost bilateral ties

Professor Stephen Powis, National Medical Director of NHS, England, said he believed that both countries face many challenges in healthcare and they have many opportunities too

India, Britain could sign free trade agreement this year: Trade ministry

New Delhi sees an FTA with Britain as crucial to hopes of becoming a bigger exporter, while the UK would obtain wider access for its whisky, premium cars and legal services

India, UK hold first Defence & Military Tech Cooperation workshop in London

Senior government officials, sectoral experts and industry representatives came together in London for a first-of-its-kind discussion to explore synergies between India and the UK in the defence and military technology sector and work as a catalyst to enhance bilateral cooperation in the sphere. The UK-India Defence and Military Technology Cooperation workshop, organised by the London-based think tank International Institute for Strategic Studies (IISS) in partnership with India's Bharat Shakti defence platform on Tuesday, explored collaborative defence research and industrial production partnerships between the two countries. It covered topics such as the Evolving strategic context of UK-India defence relations', 'Perspectives on India's Atmanirbhar programme and the UK's defence technology partnerships' and boosting military and manufacturing partnerships against the backdrop of the India-UK 2030 Roadmap's focus on Defence and Security' as a key pillar of bilateral ties. "This is

India-UK FTA: Ongoing talks to clear thorny issues like labour, environment

Till now, out of 26 policy areas or chapters, 14 chapters have been closed for negotiations, while significant progress has been made in other chapters

India, UK working to iron out issues on IPRs, rules of origin under FTA

India and the UK are working to iron out differences on issues like intellectual property rights (IPRs) and rules of origin under the free trade agreement being negotiated by the two countries, a top government official said on Friday. The 11th round of talks is underway in the UK for the agreement. Negotiations for the trade agreement started in January 2021. Commerce Secretary Sunil Barthwal said that out of 26 chapters in the agreement, 14 have been closed. In five chapters there are certain important contentious issues pertaining to environment, labour, and digital trade. This agreement is the "most complex" one which will be going to be signed by India, he told reporters here. "UK will be the first with which we are going to have a comprehensive FTA which we have not signed with any other developed country as such," he added. There are some differences with respect to IPR and rules of origin (ROO). "In services also, there are few issues...So we are working on those issues.