Page 32 - Fta News Today

​After the G20 Trade and Investment Ministerial Meeting in Jaipur, which is scheduled for Thursday and Friday, the UKs Business and Trade Secretary 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 Biden administration has so far opted not to enter into traditional, tariff-cutting free trade agreements, and farm groups are now turning to the large field of candidates hoping to be the next president to make the case for new trade deals.

New Delhi, Aug 21 (PTI) India and the 10-nation bloc Asean have agreed to fast track negotiations for the review of the existing free trade agreement in goods between the two regions and conclude the talks in 2025, an official statement said on Monday.

India has asked for the review of the agreement with an aim to eliminate barriers and misuse of the ASEAN India Trade in Goods Agreement, which came into effect on January 1, 2010. Members of the Asean include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

As a member of 19 underway free trade agreements (FTA), Vietnam has enjoyed great opportunities to expand markets and strengthen the commercialisation of its products and services in the future, according to experts.

India has long demanded increased access for its citizens, but the UKs vote for Brexit in 2016 was fueled in part by calls for greater control over the numbers of people coming into the country, and immigration remains a hot-button topic ahead of the next general election.

"Definitely, we are discussing those NTBs and we are also discussing how to find a good solution, how to find a platform where we can coordinate on these issues and we can understand these issues," Commerce Secretary Sunil Barthwal told reporters.

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.

While the geo-political environment is favourable for the deal, it will be a difficult trick to pull off

There is a "huge" progress in the talks between India and the UK on the proposed Free Trade Agreement (FTA) and New Delhi is looking to resolve the pending issues during high level meetings scheduled this month between the two countries, a top official said on Monday. The 12th round of talks between the countries are in progress here.