UK international trade secretary, Indian counterpart discuss FTA scope

15 Sep '21

1 min read

Pic: Shutterstock

UK international trade secretary Liz Truss virtually spoke to Indian commerce and industry minister Piyush Goyal yesterday to discuss the scope of a UK-India free trade agreement (FTA) following the closing of the former’s department for international trade’s public consultation in August. They agreed on the steps to get ready to launch talks later this year.

They discussed the findings from the consultation, according to a UK government press release.

A series of trade working groups will be initiated beginning this month. These will help both sides better understand each other’s position on potential chapter areas in any trade deal, including tariffs, standards, intellectual property and data regulation.

Both the leaders also discussed the newly established Enhanced Trade Partnership, and confirmed their commitment to timely implementation of the market access package.

Findings from the department for international trade’s consultation will be published before the start of negotiations as part of a wider package outlining a strategic rationale for the FTA, including the UK’s negotiating objectives and economic analysis of a potential deal.

Fibre2Fashion News Desk (DS)

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