Question : On which date have India and United Kingdom formally launched negotiations for a Free Trade Agreement ?
a. 13 JAN 2022
b. 12 JAN 2022
c. 11 JAN 2022
d. None of the above
Ans. a.
Related facts —
- India and United Kingdom formally launched negotiations for a Free Trade Agreement(FTA) on 13 JAN 2022.
- Both countries have agreed that the first round of negotiations will begin on 17 January, and future rounds of negotiations will take place approximately every five weeks.
- This announcement has been made by Piyush Goyal and UK Trade Secretary, Anne-Marie Trevelyan.
- A India-UK Free Trade Agreement would be a substantial opportunity for both of our economies and a significant moment in the India-UK bilateral relationship.
- This FTA would be a substantial opportunity for both of our economies and a significant moment in the India-UK bilateral relationship.
- Background —
- The India-UK bilateral trading relationship is already significant, and both sides have agreed to double that bilateral trade by 2030, as part of Roadmap 2030 announced by the PM Narendra Modi and Prime Minister Boris Johnson in May 2021.
- India and the UK will seek to agree a mutually beneficial agreement supporting jobs, businesses and communities in both countries.