India, UK considering ways to boost trade ties: Min 30/08/2016 10:37


India, UK considering ways to boost trade ties: Min
30/08/2016 10:37
India and the UK have considered upon ways to boost the two-way trade besides possibility of negotiating a free trade agreement, said media reports. As per reports, the issues were discussed during the meeting between Commerce and Industry Minister Nirmala Sitharaman and UK's Secretary of State for International Trade Liam Fox. Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman told the media, “The UK is very keen on deepening economic relations with India. They want to talk a lot on better partnership. They can start the trade dialogue only after they come out from the EU." "yes there is a possibility of an FTA with the UK. No doubt about it. But obviously, UK is still a part of the EU. Only when they come out (that) is going to happen," she added. She also added that both the countries had decided to set up a joint working group which can go into the details of what is the kind of economic and commercial relationship which can be built and strengthened.