The next round of negotiations for the proposed free trade agreement between India and the UK will take place here in June, and both parties want to wrap up talks as soon as possible, a senior government official said on Monday. Santosh Kumar Saranagi, director general of foreign trade (DGFT), stated that trade discussions are a question of giving and taking and have nothing to do with elections in certain nations.
India will have general elections in 2019.From June 5 to 9, the tenth round of negotiations will take place here, and during that time, “hopefully we will make some significant progress,” he added.
The discussions began on January 13, 2021. 26 policy categories or chapters are covered in the talks.
Investment is the subject of separate negotiations — Bilateral The next round of negotiations for the proposed free trade agreement between India and the UK will take place here in June, and both parties want to wrap up talks as soon as possible, a senior government official said on Monday. Santosh Kumar, Director General of Foreign Trade (DGFT), would sign the Investment Treaty concurrently with the conclusion of the India-UK Free Trade Agreement (FTA).
13 chapters have so far been largely closed for negotiation, and regular meetings at higher levels are held to assess the state of the negotiations and settle any unresolved concerns.
The interim agreement may also include non-traditional sectors including SMEs, trade and women, the environment, and labour.
G20 delegates will discuss WTO (World Trade Organisation) reform priorities in separate technical sessions. in addition to major outputs on the prioritised problems of trade for prosperity and growth, robust global value chains, integrating MSMEs into international trade, and effective logistics for trade.
The meeting will lay the groundwork for achieving agreement among the G20 nations on deliverables and results regarding problems pertaining to international trade and investment.
He claimed that the comprehensive India-Australia agreement had made significant progress along the agreed-upon tracks and that a thorough work schedule with rough dates had been created.
Both nations want to hold the third and fourth rounds of negotiations between the dates of 5–16 June and 3–14 July, respectively, in order to facilitate an early resolution.
