India and the United Kingdom on 22nd January concluded the 1st round of negotiation, as part of the free trade agreement (FTA) between the 2 nations, according to a statement.
The negotiations were held virtually for over weeks and saw the coming together of technical experts from both countries for discussions in 32 separate sessions covering 26 policy areas.
It included areas such as trade in goods and services including financial services and telecommunications, customs, investment, intellectual property, sanitary and phytosanitary measures, gender, technical barriers to trade, sustainability, geographical indicators, among others.
The 2nd round of negotiations is scheduled to take place from March 7-18.
“The negotiations reflected our ambition to secure a comprehensive deal to boost trade between the 5th and 6th largest economies in the world. The positive discussions in round 1 have laid the groundwork for the UK and India to make positive and efficient
Earlier this month, India and the UK formally launched negotiations for an FTA with an aim to 1st complete an interim agreement by mid-April and subsequently a comprehensive deal by the end of the year.
Add Comment