India-UK Launches FTA Negotiations on 13 January 2022
·
Interim Agreement for Early
Harvest Mooted
·
Negotiations every weeks in
rounds
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Nidhi Mani JS to Lead India Side
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Joint Statement of Indian Minister for
Commerce and Industry Piyush Goyal
and UK Secretary of State for International Trade Anne-Marie Trevelyan
The Republic of India and United Kingdom have formally
launched negotiations for a Free Trade Agreement between our two countries on
13 January, 2022.
This announcement has been made by Indian Minister for
Commerce and Industry Piyush Goyal
and UK Trade Secretary, Anne-Marie Trevelyan, who is in New Delhi for Free
Trade Agreement discussions.
India-UK Free Trade Agreement would be a substantial
opportunity for both of our economies and a significant moment in the India-UK
bilateral relationship.
The India-UK bilateral trading relationship is already
significant, and both sides have agreed to double that bilateral trade by 2030,
as part of Roadmap 2030 announced by the Prime Minister Narendra Modi and Prime
Minister Boris Johnson in May 2021. India and the UK will seek to agree a
mutually beneficial agreement supporting jobs, businesses and communities in
both countries.
Trade negotiations will be a priority for both countries,
as we build upon the Enhanced Trade Partnership launched by our Prime Ministers
in May 2021.
During negotiations, and on the path to a comprehensive
agreement, both Governments will consider the option of an Interim Agreement
that generates early benefits for both countries. In parallel to trade
negotiations, the India-UK Joint Economic and Trade Committee will continue to
work in improving the India-UK trading relationship and addressing market access
barriers outside of a trade agreement.
Both parties have agreed that the first round of
negotiations will begin on 17 January, and future rounds of negotiations will
take place approximately every five weeks. The Indian negotiating team will be
led by Ms. Nidhi Mani Tripathi,
Joint Secretary, Department of Commerce and the UK negotiating team will be led
by Harjinder Kang, Director for India Negotiations at
the Department for International Trade.
The ambition of both countries is to negotiate a broad
agreement that will deliver for businesses and consumers.