Goyal, speaking hours after Liz Truss announced her resignation as Britain's PM, said India will "wait and watch" the situation following the change in British leadership.
Although the reason for delay wasn't clear, previous sticking points have included a steep import duty on British whiskey and India's demand for more visas for students and businesses.
UK Home Secretary earlier this week said Indian migrants constitute largest group of foreigners who overstay their visas. Both sides ‘interested’ in concluding talks for FTA, says MEA.
If New Delhi is offering tariff cuts on liquor, London must remove non-tariff barriers on Indian exports, says Vinod Giri of the Confederation of Indian Alcoholic Beverage Companies.
Dismantling ‘tariff walls’ for easier access into the Indian markets is expected to be biggest challenge for govt’s FTA push, something that has haunted past administrations too.
I.P. Suresh Menon of International Spirits & Wines Association of India said it's seeking an immediate reduction in duty on alcohol, which could make Scotch whisky in India cheaper.
FTA will seek to address bilateral issues to create a robust system of trade, Richard Heald, executive chair of the UK-India Business Council, tells ThePrint in an interview.
India and the European Union need to enhance trade and investment partnership, says French Ambassador Emmanuel Lenain who also suggests New Delhi to look beyond the UK
PM Modi & British PM Boris Johnson set Diwali deadline to conclude talks for Free Trade Agreement & affirmed zero tolerance for extremism, particularly Khalistani groups in UK.
New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...
No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.