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India's commerce ministry on February 15 said that majority of the chapters in the India-UK FTA are either closed or are at advanced stages of negotiations
New Delhi: Prime Minister Narendra Modi and his British counterpart Rishi Sunak have reiterated their commitment to achieving "an early conclusion of a mutually beneficial Free Trade Agreement (FTA)."
Outstanding issues include UK's reluctance over India's stand that British automakers have to increase utilisation of local components in their vehicles to 45% to get concessions from New Delhi
In December 2023, India's merchandise trade deficit had narrowed to just under $20 billion after exports rose marginally to $38.45 billion while imports fell by nearly 5 percent year-on-year.
News and analytical articles about Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan.