India, UK aim to finalise FTA agreement by year-end

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NEW DELHI/LONDON: India and the United Kingdom (UK) formally launched free trade agreement talks in New Delhi on Thursday with the aim of wrapping up a deal by the end of the year that could boost annual bilateral trade by billions of pounds.
UK has made a deal with India one of its post-Brexit priorities as, free from the European Union’s common trade policy, ministers look to gear trade policy towards faster-growing economies around the Indo-Pacific region.
Meeting in New Delhi on Thursday, trade minister Piyush Goyal and his British counterpart Anne-Marie Trevelyan said they would also launch an “early harvest” or a limited-scope interim trade agreement in the next few months, before finalising the free trade agreement.
“This is an opportunity that we must seize to steer our partnership along the track of mutual prosperity for the decades to come,” Trevelyan said.
Britain said the…

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