India-UK Free Trade Agreement Expected Soon, But No Timelines, Warns Piyush Goyal

Brief by Shorts91 Newsdesk / 07:29pm on 12 Jul 2024,Friday India Global

India's Commerce Minister Piyush Goyal anticipates the conclusion of a Free Trade Agreement (FTA) with the UK soon, citing substantial progress in negotiations. Goyal emphasized that India does not support imposing deadlines for FTAs, cautioning against rushing the process. He referenced past remarks by UK's former PM Boris Johnson and urged the new UK government under Keir Starmer not to repeat such actions. Discussions between the two nations, initiated in January 2022, have centered on issues including tariff reductions and market access. Both sides aim for an equitable agreement beneficial to their respective economies.

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