›India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBC
India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBC
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India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBCBy
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The two sides had decided earlier this year to launch an ETP to develop a roadmap that would lead to a potential comprehensive free trade agreement( FTA), including considerations on an interim pact on a preferential basis.
Agencies
In the year before the pandemic bilateral trade grew 10% to GBP24 billion.
›India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBC
India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBC
SECTIONS
India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBCBy
Share
Synopsis
The two sides had decided earlier this year to launch an ETP to develop a roadmap that would lead to a potential comprehensive free trade agreement( FTA), including considerations on an interim pact on a preferential basis.
Agencies
In the year before the pandemic bilateral trade grew 10% to GBP24 billion.
Businesses keen on India-UK enhanced trade partnership, eventual FTA: UKIBC
SECTIONS
Share
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.
Businesses are looking forward to India and the UK implementing an Enhanced Trade Partnership that would address market access barriers in the short and medium term and eventually lead to a potential comprehensive Free Trade Agreement (FTA), the UK India Business Council said in a statement on Monday.
The statement comes a day ahead of a virtual meeting between Prime Minister Narendra Modi and his UK counterpart Boris Johnson. The India-UK summit aims to lay a comprehensive road map to 2030. 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, India’s minister for commerce and industries, and his UK counterpart, Liz Truss, secretary of state for international trade, the UKIBC said in a statement.