An FTA settlement is very close for a final call with the UK and I feel negotiations with Canada are additionally progressing and I count on that to come to a conclusion prior to later,” Sitharaman said.
A free trade agreement is very close for a final call with the UK while negotiations for a trade pact with Canada are expected to conclude soon, Finance Minister Nirmala Sitharaman said on Friday.
Speaking at the B20 Summit India 2023, organised by CII, the minister said India has already signed trade pacts with Australia, the UAE and several other countries.
“FTAs ought to really encourage you (international buyers) to be in India,” she instructed the gathering of worldwide leaders.
“An FTA agreement is very close for a final call with the UK and I think negotiations with Canada are also progressing and I expect that to come to a conclusion sooner than later,” Sitharaman stated.
She additional stated the finance ministry and commerce ministry are working intently on commerce agreements with totally different nations.
“The fact that at this stage we are tying up the agreement with one of the Western developed countries shows that India is opening up for a lot more … Mutually we should benefit from agreeing with each other,” she added.
Meanwhile in Jaipur, Commerce and Industry Minister Piyush Goyal stated the negotiations between India and the UK for the proposed free commerce settlement are progressing and each nations are dedicated to concluding the talks as early as doable.
