UK’s proposal to complete the free trade pact with India, which is crucial for the former’s shift towards the growing markets in the Indo-Pacific, has no specific deadlines. UK’s Minister for International Trade, Nigel Huddleston, said 50% of the deal has been concluded, including negotiations in the service sector and investments, but the complete agreement […]
India-UK FTA: Half the chapters in pact agreed on; working to complete deal early, says UK International Trade Minister
“The 2030 roadmap agreed by our Prime Ministers in May 2021 is a practical plan to transform the relationship between United Kingdom and India. It will bring immense benefits for both the countries. We have committed to doubling trade between the two great nations,” Huddleston said.
“The developing economies’ impressive trade performance under this expanded measure of trade in services is largely due to four economies that rank as leading services exporters and importers- China; Hong Kong, China; Singapore; India,” they said in the report.