India, UK trade pact 'genuinely beneficial' for both: British trade secy

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India, UK trade pact 'genuinely beneficial' for both: British trade secy - Business Standard

Quick Summary:

The proposed free trade agreement (FTA) between India and the United Kingdom is "genuinely beneficial" to both countries as it would help boost bilateral trade and investments, UK Secretary of State for Business and Trade Jonathan Reynolds said on Tuesday.

After concluding the two-day talks with the Indian minister, Reynolds said: "This is about an agreement which is genuinely beneficial to both countries.That is possible.That's the prize.

India and the UK on Monday announced resumption of negotiations for the FTA, which is expected to double or even triple bilateral trade from the current USD 20 billion in the next 10 years.