India, UK set to revive FTA talks; no new deadline yet

While no new deadline to conclude the talks has been set after the Diwali target was missed, people aware of the developments said. India's gains in lieu of likely duty cuts for British alcohol and automobiles, and visa flexibilities would be the ...

Agencies
So far, 16 chapters across 27 policy areas have been agreed to in the negotiations, they said.
India and the United Kingdom are set to resume formal talks for a bilateral free trade agreement (FTA) with the prime ministers of the two sides on Thursday agreeing on the need for its early conclusion, officials said.

While no new deadline to conclude the talks has been set after the Diwali target was missed, people aware of the developments said. India's gains in lieu of likely duty cuts for British alcohol and automobiles, and visa flexibilities would be the focus areas.

So far, 16 chapters across 27 policy areas have been agreed to in the negotiations, they said.


Political changes in the UK and British home secretary Suella Braverman's recent remarks on Indians being the largest group of people overstaying in the UK were seen to be major hurdles in concluding a deal, an official said. "The home secretary's factually incorrect remarks and no prime minister there had bothered us and stalled the progress, but now the formal talks will be revived," the person told ET.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › India, UK set to revive FTA talks; no new deadline yet
Text Size:AAA
Success
This article has been saved

*

+