India – UK Free Trade Agreement:
India and the UK have resumed negotiations for a Free Trade Agreement (FTA) after an eight-month gap, with 14 rounds of talks completed since January 2022. An FTA is a pact between two or more countries to reduce or eliminate import duties on a majority of traded goods.It also aims to minimize non-tariff barriers, facilitate trade in services, and enhance bilateral investments.India has signed 13 FTAs and 6 preferential trade agreements, with a recent focus on western partners like the UK, EU, and US to expand exports and enhance trade relations.
