Piyush Goyal meets UK counterpart Reynolds to resolve pending FTA issues

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Piyush Goyal meets UK counterpart Reynolds to resolve pending FTA issues - Business Standard

Quick Summary:

However, political instability in the UK, unresolved differences over various issues, and general elections in both nations during April-July further delayed the fruition of the deal.

India-UK FTA talks were launched in January 2022, with an ambitious target to seal the deal in nine months.

Separately, in an attempt to make some progress, the Union Budget 2025-26 announced India’s intention to revamp the current model BIT and make it ‘more investor-friendly’ to encourage sustained foreign investment.