WORLD NEWS | Great free trade deal with India to come, talks going well: UK MP Baroness Wilma

New Delhi [India]April 15 (ANI): Britain and India will strike a great Free Trade Agreement (FTA) deal and talks between the two countries are progressing well, Baroness Verma, a member of the British House of Lords, said on Saturday.

Baroness Verma told ANI, “I think first of all my expectation is that we’re going to have a great free trade agreement, and I think it’s a very complex agreement. We can’t expect something so complex to happen overnight. But I You know from all the conversations we’ve had that everyone is working incredibly hard on all the negotiations and it’s going well.”

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Expressing her thoughts on the next FTA meeting, she said: “I think every meeting is critical. I think every meeting we have is a positive meeting, and of course if you’re negotiating at that level, sometimes It’s going to be a little bit longer than people would like. But that doesn’t mean the free trade agreement is stalled. It just means we’re working on it, and I’m very optimistic.”

Talking about the trade goals between India and the UK, she mentioned that both countries should consider maximizing the relationship and outcomes.

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She added: “I think we should do our best in our relationship with each other, building relationships where we as a country can work with India and how India can work with us.”

Verma further stated that the two countries work closely on climate change issues, sustainability and solutions as the green sector will continue to grow and thrive.

Baroness Verma also spoke about India’s G20 presidency, which she believes New Delhi will demonstrate that they have a very clear understanding of what to expect from the presidency.

Notably, Union Finance Minister Nirmala Sitharaman, speaking on FTAs ​​at the Peterson Institute for International Economics (PIIE) in Washington on Monday (local time), said FTAs ​​are being signed much faster today, telling INDIA – As she spoke, UK Free Trade Agreement (FTA) negotiations were underway.

The confirmation comes amid a recent report that talks on a free trade agreement between the two countries have been suspended over Britain’s failure to condemn the vandalism of Khalistani supporters outside the Indian High Commission in London in March.

“Free trade agreements are being signed much faster today. We just had a deal with Australia. Earlier we had deals with the UAE, Mauritius and Asean. We have extended the quota-free and duty-free regime to the least Developed countries,” the finance minister said.

Earlier this month, India refuted “baseless” reports in the British media that it had stopped negotiating a free trade agreement with Britain over the attack on the Indian High Commission in London in March, government sources said.

London-based newspaper The Times quoted a senior British government source in its April 10 edition as saying that the Indian government had “disengaged” from the trade talks and made it clear that “if it does not publicly condemn the Khalistan movement”, it will There will be no progress. “

Notably, the India-UK Free Trade Agreement negotiations were launched on June 17, 2022. (ANI)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)