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India-UK Free Trade Agreement Nears Completion After London Talks

With 25 of 26 chapters agreed, Minister Piyush Goyal signals imminent conclusion of the trade deal during his UK visit.

No fixed deadline for India-UK FTA but negotiations underway to complete deal at the earliest
Commerce minister Piyush Goyal’s ongoing European visit has heightened expectations for a breakthrough, with both nations working to find mutually acceptable solutions within the next two days. (HT file)
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Overview

  • Commerce Minister Piyush Goyal concluded a two-day visit to London, advancing negotiations on the India-UK Free Trade Agreement (FTA).
  • The proposed FTA, covering goods, services, investments, and intellectual property rights, has seen 25 of its 26 chapters finalized.
  • Goyal held productive meetings with UK Business and Trade Secretary Jonathan Reynolds and other senior officials to address remaining issues.
  • The deal is expected to significantly enhance the current £41 billion annual trade relationship between India and the UK.
  • Following his UK visit, Goyal will engage in trade discussions in Norway and Brussels to strengthen India's broader European partnerships.