India, U.K. Finance Ministers agree to make further progress on FTA
The Hindu
Jeremy Hunt, on his first international visit as U.K. Chancellor, also met with business leaders in Bengaluru and visited the offices of tech multinational Wipro which employs over 4,000 people in the U.K.
India and the U.K. have agreed to make further progress on the ongoing negotiations for a free trade agreement (FTA) and also to swiftly organise the next bilateral Economic and Financial Dialogue soon, the British government said on February 25.
At the conclusion of U.K. Chancellor Jeremy Hunt's India visit for the G20 Finance Ministers and Central Bank Governors meeting, held under India’s 2023 Presidency, the U.K.’s Treasury department said the Finance Minister held talks with Indian counterpart Nirmala Sitharaman with a focus on deepening bilateral economic and financial ties.
“At a meeting with Indian Finance Minister Nirmala Sitharaman, both sides agreed to make further progress on the U.K.-India Free Trade Agreement and deepen bilateral economic and financial ties,” the Treasury department said in a statement.
“They agreed to make swift progress on setting up the next U.K.-India Economic and Financial Dialogue,” it said.
Mr. Hunt, on his first international visit as U.K. Chancellor, also met with business leaders in Bengaluru and visited the offices of tech multinational Wipro which employs over 4,000 people in the U.K.
“Meeting fellow Finance Ministers face to face is an excellent opportunity to make real progress on the key global economic issues of our time,” said Mr. Hunt.
“I first visited India 38 years ago, and it’s been fascinating to see how much the country has changed in this time – there are positive lessons to be learnt from their successful rapid development.