UK-India Free Trade Agreement (FTA) expected by October 2022

UK-India Free Trade Agreement (FTA) expected by October 2022

Talks between London and New Delhi have gone so well that a full FTA is now expected within months

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UK 🇬🇧 - 🇮🇳 India FTA

Indian Trade Minister Piyush Goyal:

"With the UK, we had agreed to do an early harvest agreement – But the way things are progressing, we’ll actually land up doing a full FTA with the UK by Diwali"#UKTradehttps://t.co/hfA2dzEOAz

— Gully Foyle #UKTrade (@TerraOrBust) May 27, 2022

UK Trade Negotiations Status:

🇮🇳 India

☑️ 1st Round: 17 - 28 Jan
☑️ 2nd Round: 7 - 18 Mar
☑️ 3rd Round: 25 Apr - 6 May
🗓️ 4th Round: 13 - 24 Jun

Target completion: October 2022

For the deal to be finalised by October, it will need to be close to agreed by Round 5.#UKTrade

— Gully Foyle #UKTrade (@TerraOrBust) May 29, 2022

India is notoriously hard to conclude FTAs with due to its protectionist nature, so this is a really good sign.

For reference, India does not have an FTA with the European Union so this is a FTA built from scratch rather than a rollover agreement.

More progress made.

A minister on the Indian side has stated she expects the UK-India FTA to be completed ahead of schedule in August.

UK 🇬🇧 - 🇮🇳 India FTA

The conclusion of the fourth round of negotiations reportedly saw 11 of the intended 26 chapters closed out.#UKTrade

— Gully Foyle #UKTrade (@TerraOrBust) July 1, 2022