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The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.
This comes amid internal consultations between the finance ministry and the commerce ministry to assess the impact of the major duty reductions that could be announced as part of the FTAs.
India and the UK launched the talks for FTA in January 2022, with an aim to conclude talks by Diwali last year, but the deadline was missed due to political developments in the UK. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights.
UK News: UK Opposition Leader Keir Starmer has compared the UK government's negotiations for a free trade agreement (FTA) with India to the Bollywood movie 'Ka
India News: UK Opposition Leader Keir Starmer has compared the UK government's negotiations for a free trade agreement (FTA) with India to the Bollywood movie 'Ka