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Businesses keen on India-UK enhanced trade partnership, eventual FTA: UKIBC
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Synopsis
The two sides had decided earlier this year to launch an ETP to develop a roadmap that would lead to a potential comprehensive FTA, including considerations on an interim pact on a preferential basis.
Agencies
India is the second largest investor in the UK and, over the last decade, the UK has been the second fastest growing G20 investor in India.
The UK India Business Council (UKIBC) on Monday said that businesses are looking forward to an Enhanced Trade Partnership (ETP) that addresses market access barriers in the short- and medium-term and begins the journey to an eventual free trade agreement between India and the UK.
UKIBC welcomes bilateral talks between PMs Boris Johnson, Narendra Modi ANI | Updated: May 03, 2021 17:13 IST
New Delhi, (Delhi), [India], May 3 (ANI/NewsVoir): The UK India Business Council (UKIBC) welcomes the news that PM Modi and PM Johnson will meet virtually tomorrow to deepen cooperation between our two countries, including on combatting COVID.
While the pandemic has to be the immediate priority, it is encouraging that the Prime Ministers are working together now on medium - and long-term priorities such as climate action, healthcare, defence and security, and trade and investment.
Trade and Investment:
The trade and investment partnership is particularly important, and the UKIBC hopes that the meeting tomorrow will provide more details of the Enhanced Trade Partnership initiated by Piyush Goyal, Minister of Commerce and Industries, and his UK counterpart, Liz Truss, Secretary of State for International Trade.
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Historic Image of Forum of Indian Food Importers members along with the DIT s Great Britain Food Program Team and UKIBC representative, in Birmingham, UK
UK and India long and enduring friendship takes a food-full step forward ANI | Updated: Apr 01, 2021 12:42 IST
New Delhi [India], April 1 (ANI/BusinessWire India): Food and beverage stakeholders are awakening to the growing likelihood of better international trade ties. It is motivating to note that, amidst unprecedented time where the sectorial economy has seen massive disruptive influences; how players in this sphere are finding ways to deal with the existing atmosphere, while also tapping into outlooks that presented themselves in this turbulent period.
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