: India, UK Finance Ministers agree to make further progress on FTA #IndiaNEWS #national-left LONDON, Feb 26: India and the UK have agreed to make further progress on the ongoing negotiations for a

@IndiaNEWS

Posted in: #IndiaNEWS #national

India, UK Finance Ministers agree to make further progress on FTA #IndiaNEWS #national -left
LONDON, Feb 26:
India and the UK have agreed to make further progress on the ongoing negotiations for a free trade agreement (FTA) and also to swiftly organise the next bilateral Economic and Financial Dialogue soon, the British Government has said.
India has recently concluded the seventh round of talks with the UK.
At the conclusion of UK Chancellor Jeremy Hunts India visit for the G20 Finance Ministers and Central Bank Governors meeting, held under Indias 2023 Presidency, the UKs Treasury department said the Finance Minister held talks with Indian counterpart Nirmala Sitharaman with a focus on deepening bilateral economic and financial ties.
“At a meeting with Indian Finance Minister Sitharaman, both sides agreed to make further progress on the UK-India Free Trade Agreement and deepen bilateral economic and financial ties,” the Treasury department said in a statement on Saturday.
“They agreed to make swift progress on setting up the next UK-India Economic and Financial Dialogue,” it said.
Hunt, on his first international visit as UK Chancellor, also met with business leaders in Bengaluru and visited the offices of tech multinational Wipro which employs over 4,000 people in the UK.
“Meeting fellow Finance Ministers face to face is an excellent opportunity to make real progress on the key global economic issues of our time,” said Hunt.
“I first visited India 38 years ago, and its been fascinating to see how much the country has changed in this time – there are positive lessons to be learnt from their successful rapid development.
“Its been great to hear from Indian technology business leaders here in Bengaluru how they are pushing the countrys economy forward, and I look forward to further collaboration between India and the UK as we continue to trade and create jobs – delivering on the Governments plan to grow the economy,” he said.
The Chancellor, alongside Bank of England Governor Andrew Bailey, attended a meeting of G7 Finance Ministers and Central Bank Governors on Thursday. They were joined virtually by Ukrainian Finance Minister Serhiy Marchenko.
Their statement sent a strong message of condemnation for Russias war of aggression against Ukraine, announced an increase of financial support for the Ukrainian Government to a total of USD 39 billion in 2023 and committed to continue supporting vulnerable countries hardest hit by the economic impact of the war, the Treasury said.
On Friday, the UK announced a fresh wave of internationally coordinated sanctions and trade measures, to further restrict Russias capability to wage war in Ukraine both now and in the future.
At the first G20 Finance Ministers and Central Bank Governors meeting under the Indian Presidency, Hunt condemned Russias brutal acts in the strongest terms, emphasising that securing peace was the most important action for global growth.

Intraday stocks under 50 NSE India Twitter of India

Vote Up Vote Down

Login to post a comment!