Officials from the UK are expected to land in India next month to wrap up negotiations for a free trade agreement (FTA) between the two nations.
New Delhi: Officials from the UK are expected to land in India next month to wrap up negotiations for a free trade agreement (FTA) between the two nations. The trade agreement seeks to increase bilateral trade between the nations by 2030. The negotiations will be concluded within a four-month span.
The talks were originally supposed to be finished by October, but both sides missed the deadline. Whether these discussions will take place at the ministerial level or the secretary level will soon be decided by the administration.
“It is expected that 3 to 4 months will be required for constant negotiations with broad agreements over topics such as mobility and short-term work visas to the UK,” a government source told.
According to a source, India and the UK are set to finalise the FTA by March 2023. Notably, a fresh date for final discussions has not been decided yet.
However, 14 chapters out of the 26 chapters of the trade agreement have been reached. The visiting UK representatives will sort out the remaining chapters. The moment Rishi Sunak took charge as Prime Minister of the UK in October; he immediately showed his willingness to conclude the trade during Prime Minister Narendra Modi’s congratulatory call to him.