Piyush Goyal

India’s Commerce and Industry Minister, Piyush Goyal, is scheduled to visit the United Kingdom from July 10-11 to assess the progress of negotiations for a free trade agreement (FTA) between the two countries.

The primary objective of Minister Goyal’s visit is to focus on the ongoing discussions regarding the FTA between India and the UK. Additionally, he will hold talks with ministers representing the member countries of the European Free Trade Association (EFTA) to review the advancement of a trade pact.

This visit is of great significance as both India and the UK are dedicated to strengthening their economic ties and exploring opportunities for enhanced bilateral trade. The discussions during the visit are expected to contribute towards creating a favorable environment for increased economic cooperation between the two nations.

During the visit, Minister Goyal will engage in high-level meetings with his UK counterparts, including the Secretary of State for Trade. These meetings will provide an opportunity to discuss the key priorities and objectives of the FTA negotiations. The focus will be on addressing trade barriers, promoting investments, and fostering greater cooperation in areas such as technology, innovation, and intellectual property rights.

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In addition to the UK visit, Minister Goyal will also hold meetings with ministers and officials from the European Free Trade Association (EFTA) member countries, namely Switzerland, Norway, Iceland, and Liechtenstein. The objective of these meetings is to evaluate the advancements achieved thus far in the ongoing negotiations of the Trade and Economic Partnership Agreement (TEPA). The TEPA aims to strengthen trade and economic collaboration between India and the EFTA member nations by creating a favorable environment that promotes higher investments, diminishes trade obstacles, and facilitates increased market access for all parties involved.

The negotiations for a trade agreement between India and the UK were launched on January 13, 2021. This visit by Minister Goyal aims to 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.

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