The United Kingdom said on Tuesday it aims to start negotiations for a trade agreement with India by the end of the year.
“We are currently in the pre-ngotiation scoping phase of an FTA (free trade agreement), with the aim of starting negotiations by the end of this year,” a spokesperson for Britain’s Department for International Trade said.
“With bilateral trade valued at 23 billion pounds ($31.60 billion) in 2019, a trade deal with India will help boost British exports through lower tariffs and increased investment opportunities,” the spokesperson said in an emailed statement.
Indian producers of things like rice could get greater access to the UK market under the interim deal.
Britain said late in May it was launching a 14-week consultation on a future trade deal with India, seeking the views of the public and businesses.
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