The fourteenth round of Free Trade Agreement negotiations between India and the UK will take place in January 2024, the Ministry of Commerce and Industry informed on Monday.
The government also provided an update on the previous round, that is the thirteenth round, and said that both nations held negotiations in person and virtually from September 15 to December 15, 2023.
The discussions were held in London and Delhi, the government further informed.
“As with round 12, these negotiations focussed on complex issues including goods, services , and investment,” the government said in a release.
Further, the government has reiterated that the UK and India will continue to negotiate towards a comprehensive and ambitious FTA.
India and the UK are committed to developing a comprehensive and mutually beneficial trade relationship, as demonstrated by the ongoing discussions. India and the United Kingdom’s bilateral trade grew from $17.5 billion in 2021–2022 to $20.36 billion in 2022–2023.
The India-UK Free Trade Agreement has encountered multiple obstacles during the negotiation process, resulting in the ambitious agreement being delayed by more than a year from its original deadline.