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Formal negotiations on India-UK FTA to start after domestic consultations conclude

Formal negotiations on India-UK FTA to start after domestic consultations conclude
May 25, 2021
UK begins 14-week stakeholder talks, India too engaged in internal consultations
Formal negotiations between the UK and India on the proposed Free Trade Agreement (FTA) will not begin immediately as both countries will spend the next few months to gather inputs from all stakeholders including businesses, consumers and concerned Ministries and Departments, sources have said.
UK International Trade Secretary Liz Truss has already started the consultation process for the proposed FTA with the industry and consumers in her country this week while the Commerce & Industry Ministry in India, too, has begun internal discussions on the scope of the agreement and is looking at fast-tracking stakeholder talks, a source tracking the matter told ....

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Enhanced business ties first step towards UK-India free trade pact

Enhanced business ties first step towards UK-India free trade pact
The necessities and priorities of both India and the UK are driving bilateral investment by businesses in each other s economies and increased dialogue on a G2G level
OBE May 3, 2021 | Updated 18:04 IST
The Joint Trade Review, the Enhanced Trade Partnership, and the eventual FTA are important elements in a strong vibrant and sustainable partnership between India and UK
The events of 2020 and early 2021, including BREXIT and COVID-19, have thrown up undoubted hurdles causing us all to think outside the box in our working processes and practices. But they are also causing us to identify new opportunities for re-invigorated collaborations and streamlined supply chains. ....

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Africa heralds onset of Free-Trade Pact after years of talk

Africa heralds onset of Free-Trade Pact after years of talk
The first goods will begin to flow under an Africa-wide free-trade pact on Friday, the culmination of more than five years of negotiations on cutting cross-border tariffs.
The accord comes to fruition at a time when trade tensions are rising across much of the rest of the world. The 55-nation Africa Union will mark the occasion in a ceremony that comes just hours after the U.K. leaves the European Union’s single market and a new post-Brexit trade agreement enters into force.
Africa could be the world’s biggest free-trade zone by area when its treaty becomes fully operationally by 2030. The bloc has a potential market of 1.2 billion people and a combined gross domestic product of $2.5 trillion. ....

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