India-UK FTA

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Background:

In May 2021, the Prime Ministers of India and UK spoke of their vision for transformation in the India-UK ties, over this decade.
As part of the efforts, the Prime Ministers set a target of doubling bilateral trade by 2030.
The leaders have directed their respective governments to expedite efforts to reduce trade barriers and to complete the groundwork for starting work on an FTA (Free Trade Agreement) by 2021-end.
Their meeting came in the midst of the 2nd wave of the pandemic- an indication of the political will involved.

The 2 countries had agreed upon an Enhanced Trade Partnership in May, 2021. This agreement is considered to be the precursor to the FTA.

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