It reflects the determination to forge strong and mutually beneficial trade relationships that will not only benefit the economies of both India and the UK but also contribute to the overall prosperity and welfare of their respective citizens.
Commerce Minister Piyush Goyal on Thursday interacted with 15 ambassadors from the African region for strengthening trade and investment ties with India.
Union Minister for Commerce & Industry Piyush Goyal and Executive Vice-President of the European Commission Valdis Dombrovskis also affirmed their commitment to work together on common priorities for WTO reforms.
New Zealand Prime Minister Chris Hipkins on Friday announced that the Free Trade Agreement (FTA) between the UK and his country will take effect by the end of this month, unlocking unprecedented access to the British market.
Broad contours of the FTA were discussed between Commerce Minister Piyush Goyal and Italian Deputy Prime Minister and Foreign Minister Antonio Tajani at a meeting in Rome yesterday.
The foreign minister pointed out that the EU is one of India’s largest and most important trade partners.
The Indian High Commission has retorted that India awaits “demonstrable progress" on certain commitments undertaken by the UK government under the MMP that was signed last year.
The two partners had abruptly called off the talks in 2013 due to differences in the scope and expectations of the deal.
Commerce Minister Piyush Goyal and UK's International Trade Secretary Anne-Marie Trevelyan led their respective delegations at the talks with both expressing confidence that the negotiations would be fruitful.
Goyal said the two countries are moving towards an early harvest trade agreement, with a comprehensive FTA as the next step.
