India and the United Kingdom are expected to relaunch negotiations on the free trade agreement (ALE) in a long time, sources told Ani.
As part of the discussions, the British Minister of Commerce Douglas Alexander is expected to visit India next week and meet the Minister of the Union for Trade and the Piyush Goyal industry.
The two leaders will discuss ways to accelerate the Ale talks, who have long been negotiating. The agreement aims to improve trade and investments between the two countries by reducing prices and attenuating market access for companies.
India and the United Kingdom have worked on a complete trade agreement that could stimulate economic cooperation in key sectors such as goods, services, technology and investments. The upcoming discussions between Alexander and Goyal should respond to the main concerns and find common ground to advance negotiations.
After a bilateral meeting with Prime Minister Narendra Modi on the sidelines of the G20 summit in Brazil, British Prime Minister Keir Starmer announced the revival of the Ale talks between the United Kingdom and India in 2025.
Earlier on November 22, Richard Heald, president of the UK-Indian Business Council (UKIBC), said that the ALE between India and the United Kingdom has a potential transformer for businesses and bilateral trade. He said the ALE would make a difference by switching to the switching between the two countries is easier.
“If you look at companies that are not here (India), then the FTA will make a difference. He (ale) will facilitate and more comforting to come here in India and to be integrated into the economy, whether through a joint venture or that it is really by investment directly, ”he declared.
On November 27, the Indian High Commissioner in the United Kingdom, Vikram Doraiswami, said that the Keir Starmer government was ready to restart negotiations with India and added that the free trade agreement is a “process in Courses ”because they finished their internal exam in July.
The India-UK FTA negotiations were launched on January 13, 2022. Thirteen negotiations took place until December 2023.
The 14th cycle of negotiations, which started on January 10, 2024, was underway when the negotiations were interrupted by the British team in May 2024 due to their elections.
As a result of the meeting of Prime Minister Narendra Modi and the Prime Minister of the United Kingdom, he Sir Keir Starmer, on the sidelines of the G-20 summit in Rio de Janeiro, Brazil, in the United Kingdom, in the United Kingdom .
The United Kingdom and India will continue to negotiate a complete and ambitious free trade agreement.
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