Union Minister Piyush Goyal meets UK Trade Secretary Kemi Badenoch, discusses India-UK FTA negotiations

Commerce and Industry Minister Piyush Goyal and UK Secretary of State for International Trade, Kemi Badenoch met in New Delhi yesterday to discuss India-UK Free trade agreement (FTA) negotiations.

During the meeting, both Ministers reaffirmed their commitment to the ongoing India-UK FTA negotiations which will unlock the full potential of boosting jobs, investments, and exports between the two countries.

The 6th Round of India-UK FTA negotiations is presently underway in New Delhi.

The Ministers urged the negotiating team to work together with an aim to iron out the differences in the spirit of mutual accommodation, for a balanced, mutually beneficial, fair, and equitable outcome.

Mr. Goyal mentioned that India and UK investment and economic relations are already strong and have grown over the years. He said, India has adopted an export-led strategy to spin its growth story which is inclusive and sustainable.

The Minister said, the Indian Government has also come out with many policies and reforms including the PLI scheme, National Infrastructure Pipeline, Development Finance Institution, and privatization of non-strategic sectors Public Sector Undertaking.

Mr. Goyal urged the businesses in India and the UK to take advantage of these initiatives for the economic prosperity of both countries.