Both India and the UK have shown commitment towards making progress on the ongoing negotiations for a free trade agreement (FTA), according to a report.
Both countries have agreed to swiftly organise the next bilateral Economic and Financial Dialogue soon, news agency PTI reported citing the British government.
Discussions were held between both sides during UK Chancellor Jeremy Hunt‘s India visit for the G20 Finance Ministers and Central Bank Governors meeting.
The UK’s Treasury department said talks were held with Indian Finance Minister Nirmala Sitharaman with a focus on deepening bilateral economic and financial ties.
“At a meeting with Indian Finance Minister Nirmala 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.
“They agreed to make swift progress on setting up the next UK-India Economic and Financial Dialogue,” it said.
Hunt was on his first international visit as UK Chancellor.
“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.
