New Delhi: In a move that will open up partnership opportunities, the UK government announced the start of Free Trade Agreement (FTA) talks with India.
Stating that the agreement will take the country’s historic partnership with India to the next level, British Prime Minister Boris Johnson said Scotch whisky, financial services and state-of-the-art renewable technology are some of the key areas set to benefit, according to news agency PTI. Huh.
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Which businesses are likely to benefit?
The first round of talks is likely to begin next week.
“A trade deal with India’s booming economy offers enormous benefits for British businesses, workers and consumers. As we take our historic partnership with India to the next level, the UK’s free trade policy creates jobs across the country.” creating, raising wages and driving innovation,” Johnson said.
“The UK has world-class business and expertise that we can be proud of, from Scotch whiskey distillers to financial services and cutting-edge renewable technology. We were introduced to cement our place in the growing economies of the Indo-Pacific We are taking advantage of opportunities. Global platform and provide employment and growth at home,” he said.
Since exiting the European Union (Representational), the UK has been backing for an India FTA, describing it as a “golden opportunity” to put British businesses “at the front of the queue” of the Indian economy.
British Prime Minister Boris Johnson said an FTA would take the country’s historic partnership with India to the next level, and Scotch whisky, financial services and cutting-edge renewable technology are set to benefit in some key areas.
In addition, a trade deal with India’s booming economy offers enormous benefits for British businesses, workers and consumers. “As we take our historic partnership with India to the next level, the UK’s free trade policy is creating jobs, raising wages and driving innovation across the country,” Johnson said.
Johnson’s statement on FTAs came amid the expectation of the Secretary of State for International Trade, Anne-Marie Trevelyan to meet Union Minister of Commerce and Industry Piyush Goyal in New Delhi for the 15th UK-India Joint Economic and Trade Committee (JETCO).
Trevelyan will review progress within the UK-India Enhanced Trade Partnership, which was agreed upon by Prime Minister Narendra Modi and Johnson last May.
“A deal with India is a golden opportunity to put UK businesses at the forefront as the Indian economy continues to grow,” Trevelyan said.
(with PTI inputs)
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