The Biden administration is also not in favour of a free trade agreement which businesses from either side are now talking about
He said that industry support is required for the agreement and it should be a fair, equitable and balanced FTA.
Negotiations for a free trade agreement (FTA) with the UK is expected to be concluded this month, while talks with Canada for a deal are progressing at a rapid pace
The talks resumed in 2021 during the India and EU Leaders’ meeting in Porto. The negotiations with the 27-nation grouping were launched in June 2007
However, the official complained that the current import duties levied by India are very high and need to be cut, and pitched for a free-trade agreement between the two countries to help on this aspect
Under the pact, domestic exporters from various sectors like textiles, agriculture, dry fruits, gems and jewellery are getting duty-free access to the UAE market
He also pledged to "do things differently" when it came to China, which he said poses a "systemic challenge" to British values and interests
The minister for commerce and industry and textiles said that the government is moving ahead on free trade pacts with Canada, European Union, and the UK
The rise in the number of regional trade treaties and bilateral FTAs recently has left a question ark over the role and future of World Trade Organization
This indicates that programs like the performance-linked incentive scheme and the infrastructure push are bearing the expected results
Johnson, on the final day of his two-day visit to India, said the FTA could double India-UK trade by 2030 and drive down consumer prices.
PM Narendra Modi and his British counterpart Boris Johnson on Friday agreed on a new and expanded India-UK defence partnership and vowed to seal an ambitious...
Boris Johnson will become the first British Prime Minister to visit Gujarat when he lands in Ahmedabad next week for a two-day visit to India for in-depth...
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