 "FTA, Free Trade Agreement, Trade Ties, Deals, Partnership")
“Negotiations cover 23 policy areas/chapters. Six rounds of negotiations have been held till October 2023,” the ministry said.
India is negotiating free trade agreements with the European Union (EU), the UK, Sri Lanka, and Peru, according to a year-end review statement of the commerce ministry.
India-European Union (EU) free trade agreement negotiations were formally re-launched on June 17 2022.
“Negotiations cover 23 policy areas/chapters. Six rounds of negotiations have been held till October 2023,” the ministry said.
With the UK, 13 rounds of talks have been completed and the next round will take place in January 2024.
“India-Sri Lanka Economic and Technology Cooperation Agreement (ECTA) negotiations are ongoing with the 12th round of negotiations conducted from 30th October to 1st November 2023 in Colombo,” it said.
It added that both sides also agreed to continue discussions on matters, including apparel quotas and pharmaceutical procurement.
With Peru, it said discussions on various chapters, including rules of origin, trade in goods, trade facilitation, sanitary, and phytosanitary measures were undertaken during this special round of talks.
First Published: Dec 19 2023 | 8:46 PM IST
India is currently engaged in negotiations for free trade agreements with multiple countries, including the European Union (EU), the UK, Sri Lanka, and Peru. The Ministry of Commerce has stated that negotiations for the India-EU free trade agreement cover 23 policy areas and have already undergone six rounds of discussions. Similarly, negotiations with the UK have completed 13 rounds, with the next round scheduled for January 2024. Talks for the India-Sri Lanka Economic and Technology Cooperation Agreement (ECTA) have reached the 12th round, focusing on various matters such as apparel quotas and pharmaceutical procurement. Additionally, discussions with Peru have centered on chapters regarding rules of origin, trade in goods, trade facilitation, and sanitary and phytosanitary measures.,
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