He also indicated that India’s free trade agreements (FTAs) with the United Kingdom and Oman are expected to be implemented in April, while the trade pact with New Zealand is likely to come into force in September.
India and the United Kingdom on Thursday formalised and signed the Free Trade Agreement (FTA) in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer.
India-UK Free Trade Agreement (FTA), which is likely to be signed during Prime Minister Narendra Modi’s upcoming visit to the United Kingdom next week, is projected to increase trade between the two countries by £25.5 billion every year, Anna Shotbolt, Deputy Trade Commissioner for South Asia at the British High Commission, New Delhi, said.
India and the United Kingdom are likely to sign a Free Trade Agreement (FTA) next week, and this is expected to eliminate import taxes on nearly 99 per cent of Indian exports to the UK, reports said.
Modi said that they both reaffirmed their commitment to further strengthen bilateral partnership between India and the UK.
