US EditionIndia-UK FTA Talks: Piyush Goyal to Meet British Counterpart Jonathan Reynolds to Finalise Trade Deal
- Commerce Minister Piyush Goyal will visit London on June 18-19, 2025, to meet UK Secretary Jonathan Reynolds and review progress on the India-UK free trade deal, aiming to establish a clear plan for its finalization and execution.
- The talks follow the May 6 conclusion announcement of the FTA, which aims to eliminate tariffs on Indian labour-intensive exports and ease imports of UK products, though the deal awaits formal signing and implementation.
- Goyal and Reynolds plan to review progress with negotiating teams, chart a time-bound roadmap for finalization, and engage with business leaders on the FTA's potential at the India Global Forum in London.
- Bilateral trade rose from $20.36 billion in 2022-23 to $21.34 billion in 2023-24, and the agreement targets doubling trade to $120 billion by 2030 through tariff reductions on sectors including leather, footwear, whisky, and cars.
- The ongoing discussions and business engagements highlight efforts to bring stability, deepen commercial ties, and promote cross-border investments between India and the UK under the proposed FTA framework.
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Just a month after entering into a major trade agreement with the United Kingdom, India continues its momentum and is even on the verge of success: to conclude a free trade agreement with Donald Trump's United States. At the same time, it also leads, on its own terms, to negotiations with the indecisive European Union.
India-UK FTA provides stability, predictability to business: Piyush Goyal in London
London, Jun 18 (PTI) Commerce and Industry Minister Piyush Goyal on Wednesday highlighted the “stability and predictability” that the recently concluded India-UK Free Trade Agreement (FTA) brings for businesses in both countries. During a session at the India Global Forum (IGF) UK-India Week titled ‘Agreement to Action in the UK-India FTA’ in London, the minister […]
·New Delhi, India
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