By A Staff Reporter
New Delhi: The proposed Free Trade Agreement (FTA) between India and the United Kingdom is set to significantly enhance bilateral trade and investments, UK Secretary of State for Business and Trade Jonathan Reynolds said on Tuesday. His remarks came after renewed negotiations between the two nations, marking a crucial step toward finalizing the much-anticipated trade deal.
India and the UK formally resumed FTA talks on Monday, with both sides expressing optimism about its potential to propel trade beyond the current $20 billion mark. The agreement is expected to double or even triple trade volumes over the next decade, providing a major boost to economic ties.
Following a two-day discussion with India’s Commerce and Industry Minister Piyush Goyal, Reynolds reaffirmed the mutual benefits of the agreement. "This is about an agreement which is genuinely beneficial to both countries. That is possible. That's the prize. Getting it right is what we are here to do, and that's what we are working very hard towards," he stated.
/anm-english/media/agency_attachments/AtBG5e3MoE629QYzhZen.png)
/anm-english/media/media_files/2024/12/03/85mmEb1xAa68cTjIsuMg.jpg)