New Delhi. Commerce and Industry Minister Piyush Goyal held a virtual meeting with Britain’s International Trade Minister Liz Truss on Monday. In this meeting, it was agreed to take the next step to start negotiations on the UK-India trade agreement. This is what the UK government said.
Britain’s Department of International Trade (DIT) said the talks between the two ministers focused on scope and aspiration for the India-UK Free Trade Agreement (FTA). Before this conversation, on 31 August, Britain completed the process of formal consultations.
The note issued by the DIT on Monday’s meeting said that they discussed the findings of the deliberations and agreed on the steps to be taken to prepare for the resumption of talks by the end of this year. This also includes the start of a series of business workgroups from September. They also discussed the newly established Expanded Business Partnership and reaffirmed their commitment towards timely implementation of the Market Access Package.
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The UK government said that such regular ministerial-level talks help both sides understand each other’s position in various areas. There are different areas in any trade agreement including tariffs, standards, intellectual property and data regulation. Britain’s international trade minister reaffirmed her desire for a trade deal that would lead to better outcomes for the people of Britain and various businesses including the digital and data, technology and food and beverage sectors, the DIT said.
It was also agreed between the two ministers that it would be important to stay connected with the business community in the course of further talks.
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