Indian Minister Piyush Goyal to discuss FTA during UK visit
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal, will start his two-day visit to the United Kingdom on Monday with a focus on the Free Trade Agreement (FTA), Ministry of Commerce and Industry said in a release.
During his two-day visit from July 10-11, the Commerce Minister will meet ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA).
"The visit comes at a crucial juncture, as both India and the UK are committed to expanding their economic ties and exploring avenues for enhanced bilateral trade. With the FTA negotiations gaining momentum, the visit aims to further propel the discussions and pave the way for a comprehensive and mutually beneficial agreement that would drive economic growth and strengthen ties between the two nations," the official release read.
The India-UK bilateral trading relationship was worth Pound 34 billion in 2022, growing by Pound 10 billion ( Rs 102 crore) in one year, according to official UK government statistics.