India, UK finance ministers agree to move forward on FTA


Both the countries have agreed to take forward the ongoing negotiations on Free Trade Agreement (FTA) between India and UK and to expedite the next bilateral economic and financial dialogue. The British government has said this. Recently the seventh round of talks between India and Britain has been completed.

Britain’s Finance Minister Jeremy Hunt had arrived at the conclusion of the meeting of G-20 Finance Ministers and Central Bank Governors under the chairmanship of India.

He discussed strengthening bilateral economic and financial ties in talks with India’s Finance Minister Nirmala Sitharaman here. “During talks with Finance Minister Sitharaman, both sides agreed on the UK-India FTA and further strengthening the bilateral economic and financial relationship,” the UK Treasury Department said on Saturday.

“They have agreed to look forward to the next UK-India economic and financial dialogue,” the department said. During his first international trip as Britain’s finance minister, Hunt met business leaders in Bengaluru and visited the offices of multinational technology company Wipro. About 4,000 people work in Wipro in the UK.


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