India is one of the key markets the Boris Johnson government hopes to reach a free trade agreement after the current Brexit transition period ends on December 31. Talks on such a pact are expected to begin in early 2021. According to sources, the potential India-UK FTA will be discussed during a trade ministerial dialogue between Commerce and Industry Minister Piyush Goyal and International Trade Secretary of the UK, Liz Truss, towards the end of July.
This will be the first such interaction between Goyal and Truss. On Friday, Truss attended the India Global Week virtually and said, “We look very much look forward working more closely with India in the coming months and years.”
UK on Friday thanked India for providing “vital supplies of paracetamol” during the coronavirus pandemic. This was said by the UK delegation participating in the India Global Week, a three-day event that will see deliberations ranging from geopolitics to business, arts and culture to emerging technologies, besides banking, finance.