India, UK to narrow gaps to roll out trade deal

India, UK to narrow gaps to roll out trade deal


India, UK to narrow gaps to roll out trade deal

NEW DELHI: India and the UK on Tuesday agreed to resolve the gaps so that the bilateral trade agreement can be implemented at the earliest.Commerce and industry minister Piyush Goyal held talks with UK secretary of state for business and trade Peter Kyle on addressing the ticklish issues as India has concerns over the steel quotas and duties that are sought to be introduced by the Keir Starmer govt.“Had great conversations on charting the next phase of India-UK economic engagement, advancing shared business priorities, and further strengthening our robust and forward-looking partnership,” Goyal said in a social media post.Engaged in extensive discussions with UK Permanent Secretary Ms. Amanda Brooks on #IndiaUKCETA implementation. Took stock of progress and worked through the sticking points, while exploring new pathways under #IndiaUKCETA #GlobalTrade #EconomicPartnership aligned with #ViksitBharat. Reaffirmed commitment to regular engagement with @UKGovScotland @TradeGov for effective implementation, Rajesh Agrawal, commerce secretary said in a post on X.Britain’s safeguard measures on steel are coming in the way of rolling out the trade deal, which will lower tariffs and ease access for businesses, as India wants the issue to be resolved. Besides, govt is seeking the carbon border adjustment mechanism, which is to kick in from next year.



Source link

Related Posts

Government may hold off on higher ethanol mandate

NEW DELHI: The government may not immediately mandate a higher level of ethanol blending but leave it to…

ByBySaartaj Jun 10, 2026

Donald Trump Ai: AI windfall for the public? Donald Trump signals shake-up for tech giants

US President Donald Trump on Wednesday said he expects major artificial intelligence companies to agree to “giving back”…

ByBySaartaj Jun 10, 2026

Reason crude isn’t crossing $200? How Iran, Gulf states are bypassing Hormuz blockade to transport oil

Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade…

ByBySaartaj Jun 10, 2026

India Equity Market: Markets dumped India for AI stars. BlackRock says that’s a mistake

India’s equity market has been “over-punished” for lacking a direct artificial intelligence (AI) play and for its exposure…

ByBySaartaj Jun 10, 2026

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top