Focus on education, environment and health sectors
India is looking into making trade in goods & services and investments being a part of the early harvest proposition within the framework of a larger Free Trade Agreement with the United Kingdom.
“We are looking at possibilities of trade in goods & services and investments being a part of our enhanced trade partnership. We are (also) looking at an option to see if it can be converted into an early harvest agreement (FTA),” Commerce and Industry Minister Piyush Goyal told the CII’s Session on Post-Brexit UK and India on 17 Dec 2020.
He expressed the hope that the early harvest proposition of India, within the framework of a larger Free Trade Agreement will be accepted by the UK.
“The early harvest proposition will help us grab the low hanging fruits so that both sides can enjoy the taste of the wonderful fruits,” he stressed.
Several rounds of talks have been held recently by the two countries, both of which are at the cusp of transition.
Goyal said that India wishes to become a confident economy, engage the world with confidence, and as a trusted partner.
“We have identified 6-7 sectors between India and the UK, where we have had focused engagement. All the priority sectors have huge promise and Invest India will be happy to assist any UK companies through the entire life cycle.”
Both sides have agreed to work together in many sectors like education, health, environment, easier movement of people and large investment flows. “This all makes a great promise for both sides,” he pointed out.
Both countries are working with a common goal, he pointed out. The UK’s new global tariff will serve as a building block towards an increasingly open trade partnership when implemented in the coming weeks. #investment #exports #FTA #manufacturing #health /fiinews.com
