India will not rush into signing free trade agreements (FTA) unless there is an equitable and fair balance in trade deals, Commerce Minister Piyush Goyal said on Friday.
Free Trade Agreement: India and the UK are engaged in crucial talks for a significant free-trade deal before general elections next year in India. The UK delegation, led by trade negotiations director Amanda Brooks and economic adviser Douglas McNeill, held discussions in New Delhi, aiming to expand a trading relationship exceeding $24 billion. Prime Minister Narendra Modi seeks to finalise the deal amid a short political window.
India News: Negotiators from India and the UK are set to hold the next round of talks for a proposed free trade agreement. The talks will address issues including
India is considering reducing import taxes on some high-value electric vehicles. New Delhi is contemplating a 30% concessional tariff on up to 2,500 electric vehicles annually imported from the UK, priced over $80,000. The move aims to address a key issue in ongoing trade talks, potentially delaying the agreement s announcement until December.
India is considering reducing import taxes on some high-value electric vehicles. New Delhi is contemplating a 30% concessional tariff on up to 2,500 electric vehicles annually imported from the UK, priced over USD 80,000. The move aims to address a key issue in ongoing trade talks, potentially delaying the agreement s announcement until December.