Page 9 - India Uk

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'

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