India, UK reaffirm FTA, Support Supply Chains

New Delhi: Amid the changing world trade order, India and the UK have reaffirmed their commitment to furthering the bilateral relations between the two nations, including continuing negotiations at pace towards a mutually beneficial Free Trade Agreement (FTA) and Bilateral Investment Treaty (BIT).

This was the key outcome of the ‘13th Economic and Financial Dialogue’ in London, co-chaired by Union Finance Minister Nirmala Sitharaman and Rachel Reeves, Chancellor of the Exchequer, UK.

The UK side was pleased to update on its forthcoming Industrial Strategy, where partnership can support the Industrial Strategy’s priority growth-driving sectors.