Particle.news

Download on the App Store

India-UK Trade Deal Nears Completion with Final Issues Under Review

Negotiators work to resolve remaining technical details as Piyush Goyal plans a potential return to London for final talks.

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)
Image
Image

Overview

  • India and the UK have resolved 25 of 26 chapters in their proposed free trade agreement, with over 75% of the text legally vetted.
  • Key unresolved issues include carbon tariff exemptions, expanded services access, investment protection clauses, and social security arrangements.
  • Commerce Minister Piyush Goyal and UK Secretary of State Jonathan Reynolds have held high-level discussions to advance negotiations.
  • Goyal may return to London later this week to address last-minute technical hurdles and finalize the agreement for signing.
  • The agreement aims to double bilateral trade to $100 billion by 2030, fostering innovation-led growth and expanded investment opportunities.