India Britain FTA: The ongoing talks regarding Free Trade Agreement (FTA) between Britain and India have not reached any conclusion yet. A British official said that this agreement cannot be finalized until the upcoming elections in India. Last week, the 14th round of talks started between the two countries.
Reuters said, India and Britain are in intermittent talks on a free trade agreement for two years and both countries are ready to hold elections in 2024. prime minister of India Narendra Modi He is ready for his third term in the elections to be held in the month of May. The election dates are expected to be announced today.
Modi and Sunak have expressed their commitment
Regarding FTA talks, a British official said, ‘No party is moving away from talks. We have not yet reached the level at which we have to clarify our negotiations to finalize the agreement. Earlier this week, PM Modi and British Prime Minister Rishi Sunak confirmed their commitment to their new trade agreement. Regarding this, British ministers have said that it will take time to get it right.
What did the British officer say?
The British official said on Friday, ‘Britain is very clear that we will not agree to any deal until we reach the right results on goods, services and investment.’ During the 14th round of talks last week, it was being speculated that Lok Sabha Elections Before India and UK can sign FTA.
Let us tell you that earlier this week, India has also signed a free trade agreement with a group of European countries – Switzerland, Norway, Iceland and Liechtenstein. Under this, New Delhi will receive investment of 100 billion dollars from Switzerland in the next 15 years.
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