ISDS Case Map
India
India and Saudi Arabia on Monday agreed to expedite India-Gulf Cooperation Council Free Trade Agreement negotiations to further strengthen economic cooperation between the two countries.
The much-awaited trade and investment pact between India and the UK looked to face further delays, going by the statements of Modi and British prime minister Rishi Sunak after their bilateral meeting.
To boost foreign inflows into India’s manufacturing and industrial sectors, India plans to liberalize foreign investments in the ‘non-services sector’ in the ongoing Free Trade Agreement discussions.
Indian Commerce Minister has recently stated that the negotiations between India and the UK for the proposed agreement are progressing and both countries are committed to concluding the talks as early as possible.
Dairy sensitive to both countries; bilateral trade growing even outside FTA, says New Zealand Trade & Agriculture Minister.
The progress of the negotiations was reviewed by Commerce and Industry Minister Piyush Goyal and UK's Secretary of State for Trade Kemi Badenoch on August 26.
The signing of the free trade agreement between India and Europe might take a while as a senior European Union official said in the EU, its “substance” matters more than a deadline and further discussion is needed.
As India and the UK inch closer towards finalising a free trade agreement, the contours of the much-debated and contentious bilateral investment treaty are likely to be finalised around the same time as the FTA.
Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic fish in the proposed free trade agreement with India, a Swiss minister said.
Representatives of the EFTA States (Iceland, Liechtenstein, Norway, and Switzerland) and India gathered in New Delhi from 17 to 19 August 2023 to advance negotiations aimed at a mutually beneficial Trade and Economic Partnership Agreement (TEPA).
