(You can now subscribe to our(You can now subscribe to our Economic Times WhatsApp channelIndia and Britain have reaffirmed their commitment to conclude a mutually beneficial free trade agreement (FTA) at the annual UK-India Strategic Dialogue here, as the two sides reflected the "good progress" on the 2030 Roadmap since the last review. Foreign Secretary Vinay Kwatra, who is on a visit to the UK, held discussions with his counterpart, Sir Philip Barton, Permanent Under-Secretary at the Foreign, Commonwealth and Development Office (FCDO) on Friday. After their meeting, the FCDO said the two leaders reviewed the progress made on the UK-India 2030 Roadmap since the last strategic dialogue in January last year and looked ahead to the next phase of bilateral cooperation “The two reflected on good progress on the 2030 Roadmap since the last review, noting key areas where the UK and India have worked together to tackle some of the world's biggest challenges,” the FCDO said in a statement.“This included collaborating on the world's first malaria vaccine, working closely on India's successful G20 Presidency and increasing opportunities for students and entrepreneurs under the Migration and Mobility Partnership. Alongside celebrating the milestones since the last review, this year's dialogue included the ongoing commitment to negotiate a mutually beneficial free trade agreement (FTA), and enhance defence cooperation ,” the statement added.The India-UK FTA negotiations, which opened in January 2022, are aimed at significantly enhancing bilateral trade – currently worth around 38.1 billion pounds a year as per official statistics from earlier this year. The talks are now in their 14th round of talks, going at a slower pace during the phased Indian general elections.Earlier, the High Commission of India in London said Kwatra also had a “fruitful meeting” with UK Minister of State for Defence Procurement James Cartlidge, during which they discussed ongoing India-UK defence capability cooperation initiatives and avenues for future collaboration.“We are delighted to host Indian Foreign Secretary Kwatra in London to underline the UK's commitment to deepening cooperation with India.

Source: The Times May 18, 2024 06:34 UTC