Talks on free trade agreement between india and Britain!
Amidst Trump's tariff war, 90 percent consensus has been reached on the free trade agreement between india and Britain. The british government is optimistic about finalizing this trade partnership with india, a country with a population of 1.4 billion, within this year. The Guardian has said in its report quoting a source, "The deal on the agreement is almost finalized. We are closer than ever and talks are going on between the two countries at the political level.
Both countries committed to negotiate on free trade agreement
Let us tell you that in the '13th Economic and Financial Dialogue' held in London, both the countries expressed commitment to continue further talks on Free Trade Agreement (FTA) and Bilateral Investment Treaty (BIT) to strengthen bilateral relations between them. The program was chaired by Union Finance minister Nirmala Sitharaman and Britain's Chancellor of the Exchequer rachel Reeves.
According to information received from government sources, the controversial issue related to visa has been resolved to a large extent. Now the tariff for whiskey, cars and pharmaceuticals is to be discussed. If these are also agreed upon, then the tariff for Scotch whiskey and cars exported from india to britain can be reduced especially.
That's why india is pushing BTA
During this, Finance minister Nirmala Sitharaman said, india is pursuing more bilateral trade agreements due to global uncertainties, which are increasing day by day. During this, a new export deal of 128 million pounds was also signed with britain and investment was also announced. In the program, Chancellor rachel Reeves highlighted the urgent need to pursue trade agreements with countries like india to accelerate economic growth.
click and follow Indiaherald WhatsApp channel