india uk ministers agree to take next steps to start talks on trade deal
London, Sep 13 (PTI) Commerce and Industry Minister Piyush Goyal held a virtual meeting with UK’s International Trade Minister Liz Truss on Monday. In this meeting, it was agreed to take the next step to start negotiations on the UK-India trade deal. This is what the UK government said.
Britain’s Department of International Trade (DIT) said talks between the two ministers focused on “scope and aspiration” for an India-UK Free Trade Agreement (FTA). Prior to this conversation, on 31 August, Britain completed the process of formal consultations.
The note issued by the DIT on Monday’s meeting said, “They discussed the findings of the deliberations and agreed on the steps to be taken to prepare for the resumption of talks by the end of this year.” This also includes the start of a series of business working groups from September.
“They also discussed the newly established Expanded Business Partnership and reaffirmed their commitment towards timely implementation of the market access package,” the DIT said.
The UK government said such regular ministerial-level talks help both sides understand each other’s positions in various areas. There are different areas in any trade agreement including tariffs, standards, intellectual property and data regulation.
Britain’s international trade minister reaffirmed her desire for a trade deal that would lead to better outcomes for the people of Britain and various businesses including the digital and data, technology and food and beverage sectors, the DIT said.
The two ministers also agreed that it would be important to engage with the business community in the course of further talks.
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