While the tariff tariffs, India, Britain, intensifies commercial -national talks

On Monday, Indian Minister of Trade Puouch Joyl said that India and Britain aimed at more than a double double trade in a decade. Donald Trump.

Joyl said at a joint press conference with the Minister of Trade and Trade of Britain, Jonathan Reynolds, that countries will speed up talks in a proposed commercial deal, including the Free Trade Agreement and the Investment Treaty.

The ministers did not respond directly to the questions about whether their talks were affected by them Trump orders To raise customs duties and take other measures to counter what he sees as barriers in front of American goods.

Their joint statement said that the resumption of commercial talks had come out of discussions between the prime ministers on the sidelines of the G20 summit in November-an event that occurred in the period before the inauguration of Trump.

“This will be a free trade agreement in the path,” Joyal said, adding that it may strengthen trade goods with Britain two to three times during a decade, without giving a detailed schedule.

The British government estimated that bilateral trade in goods and services between India and Britain is currently the fifth and sixth in the world, respectively, touched 41 billion pounds ($ 52 billion) in 12 months until September 2024, according to British government estimates.

Commercial talks were stopped in March last year before the elections in both countries.

After years of delay, India signed trade agreements with many countries, including the United Arab Emirates and Australia in 2022, and last year’s agreement with European Free Trade Association A group consisting of Switzerland, Norway, Iceland and Liechtenstein.

Earlier this month, India A tilted tariff On the borbon whiskey to 100 per cent of 150 percent after Trump criticized “the unfair” drawings in the South Asia market.

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The main obstacles include the duty to import sharp India on British whiskey and demand them to facilitate Indian companies and professionals to obtain visas to work in Britain.

“There are always sensitivities in commercial negotiations that must be respected,” Reynolds said, “There are always sensitivities in commercial negotiations that must be respected,” noting that India’s concerns about India’s demands from India to reduce agricultural tariffs and open its market for dairy products.

Upon rejecting some media reports, Joyl said that immigration will not be part of any discussions under the commercial agreement.

Reynolds said his government is dealing with immigration as a separate issue outside the commercial talks.

The commercial discussions of India to the United States are the first since the Labor Party reached power in Britain in July last year. Reynolds said that securing a deal was a “maximum priority” for his government.

The Minister of Investment in Britain, Poppy Gustafsson, will also meet for financial capital investors in Mumbai and Information Technology, Bangaluru, to urge Indian companies to invest.

Joyl said that both countries will also discuss a separate treaty on social security, as well as the Trade and Investment Agreement.