14th round of India-UK FTA dialogues to start in January
NEW DELHI : The fourteenth round of free trade agreement (FTA) negotiations between India and the UK will start in January 2024, the ministry of commerce and industry said in an official statement on Monday. According to the government, India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December. Negotiators of both the parties – India and UK – discussed complex issues, including goods, services, and investment, in person as well as virtually.
The in-person dialogues were held in London and Delhi. Further, the government has reiterated that the UK and India will continue to negotiate towards a comprehensive and ambitious FTA. India and the UK are committed to developing a comprehensive and mutually beneficial trade relationship, as demonstrated by the ongoing discussions.
India and the United Kingdom's bilateral trade grew from $17.5 billion in 2021–2022 to $20.36 billion in 2022–2023. The India-UK FTA has encountered multiple obstacles during the negotiation process, resulting in the ambitious agreement being delayed by more than a year from its original deadline. India’s demand for visas for professionals under the proposed free trade agreement (FTA) with the UK is among several sticky issues currently being negotiated by both countries.
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