By early this year, India and the United Kingdom are likely to agree on a comprehensive Free Trade Agreement (FTA). When this happens, this will be India’s first FTA with a member of the G-7 club.
Official sources told The Sunday Guardian, already six rounds of talks between the two, with the last being held on 16 December, have been completed, with the seventh round scheduled for early this year, during which the “minor” details will be ironed out. In the last round of discussions, officials covered 11 policy areas over 28 separate sessions.
These FTAs and Comprehensive Economic Partnership Agreement (CEPA) are being directly monitored at the level of the Prime Minister’s Office (PMO), which is pushing hard to achieve the task of India becoming a $5 trillion economy by 2025. “There is a lot of focus on ensuring that agreements don’t get delayed due to bureaucratic red tape. The PM staff is personally monitoring the work,” an official source told The Sunday Guardian, while responding to why India was pushing for trade agreements at such a quick pace.
Earlier in June, India and the European Union (EU) restarted the FTA discussion after a gap of eight years. On Thursday, Commerce Minister Piyush Goyal said that he was hopeful of the FTA with the EU being completed by the end of 2023, something that was also echoed by Swedish foreign trade minister Johan Forssell after Sweden took over the Presidency of the 27 nations grouping earlier this month.
This story is from the January 01, 2023 edition of The Sunday Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 01, 2023 edition of The Sunday Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
CHINESE MEDIA REVOKES ENTRIES FROM SOUTH ASIAN JOURNALISM AWARDS
This move is being initiated by the Chinese media organisation due to rising domestic pressure on those seen to be cooperating with foreign entities.
Tata Power Renewable Energy inks pact with SJVN for 460 MW clean energy
Tata Power Renewable Energy Ltd (TPREL) on Saturday said it has signed an agreement with state-owned SJVN Ltd to set up a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project.
CJI DY CHANDRACHUD CALLS FOR GLOBAL COLLABORATION
Chief Justice of India D Y Chandrachud emphasized on Saturday the necessity for juvenile justice systems to adapt by improving international cooperation and sharing best practices to combat the escalating transnational digital crimes involving minors, amidst the rapid evolution of technology.
COURT ORDERS NO COERCIVE ACTION AGAINST BIHAR UNIVERSITIES
The Patna High Court has directed the Bihar education department not to take coercive action against state universities and their officials until further notice.
Court adjourns Afzal Ansari's plea challenging conviction
The Allahabad High Court has adjourned the hearing of a criminal appeal filed by Ghazipur MP Afzal Ansari challenging his conviction and four-year sentence in a gangsters Act case by a trial court of Ghazipur until May 13.
Ferrato Launches e-Motorcycle Disruptor' at Rs 159,999
Ferrato, the premium brand of Okaya EV, has officially launched its highly-anticipated electr ic motorcycle Disruptor at INR 1,59,999, combining unparalleled performance and futuristic design packed with cutting-edge technology, setting a new standard in the EV bike segment and redefining the sports bike experience at a low cost of 25 paise per km.
USHA MARTIN: STRATEGIC TRANSFORMATION DRIVES STRONG PERFORMANCE
Usha Martin was established in 1960 and is today a leading global manufacturer and market leader in the wire rope industry with its multi-unit and multi-product portfolio.
INDIA TO EXPEDITE CECA WITH AUSTRALIA
Commerce Secretary, co-chaired the first Joint Committee Meeting along with his Australian counterpart in Canberra and reviewed the progress of India-Australia CECA.
India adds five tons of gold in its reserves in March
The Reserve Bank of India added 5 tons of Gold to its reserves during March. The gold reserves of the central banks worldwide reported a net increase in their gold reserves.
DONALD TRUMP TESTS THE AMERICAN LEGAL SYSTEM TO THE LIMIT
Trump, facing multiple legal battles, receives special treatment while openly undermining the rule of law, raising concerns about the justice system’s integrity.