India, Britain launching talks on free trade deal
ABC News
India and Britain are formally launching talks to pursue a free trade deal that is expected to boost their trade by billions, making it one of the most ambitious negotiations to take place after Brexit
NEW DELHI -- India and Britain are launching talks on pursuing a free trade deal that is expected to boost bilateral trade by billions of dollars in one of the most ambitious negotiations to take place after Brexit.
Britain’s International Trade Secretary Anne-Marie Trevelyan is in New Delhi and will meet with Piyush Goyal, India's minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles. Actual negotiations kick off next week, officials said.
Both sides hope the deal will spark huge benefits for several industries, from food and drink to cutting-edge renewable technology.
The deal could potentially double UK exports to India and boost two-way trade by $38 billion a year by 2035, a British government statement said.