Highlights

  • Aiming to expedite India-UK trade deal: British envoy
  • The two sides have got through majority of negotiations, says High Commissioner
  • India and Britain launched negotiations for a free trade agreement in January

Latest news

Bangladesh: Sheikh Hasina's son accuses Yunus-led govt of 'witch hunt' against Awami League

Bangladesh: Sheikh Hasina's son accuses Yunus-led govt of 'witch hunt' against Awami League

'Massive' ballistic missile attack on Ukraine's Kharkiv: mayor

'Massive' ballistic missile attack on Ukraine's Kharkiv: mayor

Dense fog, poor visibility disrupt trains and air quality in New Delhi

Dense fog, poor visibility disrupt trains and air quality in New Delhi

NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors for lapses in ZEEL

NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors for lapses in ZEEL

Uttar Pradesh: Vehicle rams into ambulance carrying bodies of suspected Khalistani terrorists

Uttar Pradesh: Vehicle rams into ambulance carrying bodies of suspected Khalistani terrorists

PM Modi pays tribute to Atal Bihari Vajpayee on his 100th birth anniversary

PM Modi pays tribute to Atal Bihari Vajpayee on his 100th birth anniversary

PM Modi greets people on Christmas

PM Modi greets people on Christmas

Pakistan conducts airstrikes in Afghanistan's Paktika province, 15 killed

Pakistan conducts airstrikes in Afghanistan's Paktika province, 15 killed

Set up for 'final ascent', aiming to expedite India-UK trade deal: British envoy

India and Britain launched negotiations for a free trade agreement in January with an aim to conclude talks by Diwali but the deadline was missed due to a lack of consensus on several issues.

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      India and the United Kingdom are set up for the “final ascent” on signing a Free Trade Agreement (FTA) and expediting the pact in the next few months is one of the main aims of the two sides, British High Commissioner to India Alex Ellis said on Friday.

      He said the two sides have got through the majority of the negotiations, but there are “tough issues” like the security of investments of British companies where some in the past had found difficulty in regard to the now-scrapped retrospective tax, in an apparent reference to the long-drawn Vodafone case.

      On extradition to India of economic fugitives like Vijay Mallya and Nirav Modi, Ellis said it is no longer a government matter.

      The British Home Secretary had signed the extradition of businessman Mallya over three years ago and it is the issue that now lies with the court, he said.

      “The wheels of justice turn slowly, but they do turn,” he said at the India Today Conclave. Mallya, accused of cheating and fraud in India, has been declared a proclaimed offender by a Mumbai court.

      India and Britain launched negotiations for a free trade agreement (FTA) in January with an aim to conclude talks by Diwali (October-end), but the deadline was missed due to a lack of consensus on several issues.

      Ellis drew a parallel to the signing of the FTA to long climb up a mountain.

      “We have walked up the valley. We have now got up to the base camp. And now what we have to do a short and steep ascent. That's tough and it requires trust on both sides. We got to adapt. We have got through the majority of the negotiations already and now we are set up for the final ascent,” said the High Commissioner.

      Also Watch| PM Modi's phone call with new UK PM Rishi Sunak: watch what was discussed

      The long-pending FTA issue was also discussed during an interaction between Prime Minister Narendra Modi and his UK counterpart Rishi Sunak, who took charge of his new responsibility late last month.

      “So I think there will be a push and when the two prime ministers spoke last week, almost immediately after Rishi Sunak became Prime Minister, they agreed this is one of the main aims for the next few months,” Ellis said in response to a question on by when he thinks the negotiations will be completed and the agreement signed.

      Stressing that FTA will deliver growth and jobs in both the countries, he said any trade agreement comes down to balance and added the UK wants access to the goods market in India which has high tariffs.

      India, too, would also like to access the UK market, said the British envoy.

      The High Commissioner said India nationals topped visas for students, overtaking China this year, and 45 per cent of skilled workers coming into his country on a visa were from India.

      On Russia's invasion of Ukraine, which has entered its ninth month, Ellis termed it as unjustified and said it is a matter that affects the entire world.

      High prices of fertilisers, oil and energy are affecting every country, he said.

      The British envoy said NATO (North Atlantic Treaty Organization) countries are allowing Ukraine to defend itself from territorial aggression, "a military invasion that is unjustified, unwarranted and deeply harmful to everybody".

      United KingdomIndia

      ADVERTISEMENT

      Up Next

      Set up for 'final ascent', aiming to expedite India-UK trade deal: British envoy

      Set up for 'final ascent', aiming to expedite India-UK trade deal: British envoy

      PM Modi pays tribute to Atal Bihari Vajpayee on his 100th birth anniversary

      PM Modi pays tribute to Atal Bihari Vajpayee on his 100th birth anniversary

      Uttar Pradesh: Vehicle rams into ambulance carrying bodies of suspected Khalistani terrorists

      Uttar Pradesh: Vehicle rams into ambulance carrying bodies of suspected Khalistani terrorists

      PM Modi greets people on Christmas

      PM Modi greets people on Christmas

      Snowfall in Himachal leads to closure of 177 roads, Shimla hotel room occupancy rises to 70 pc

      Snowfall in Himachal leads to closure of 177 roads, Shimla hotel room occupancy rises to 70 pc

      Saurashtra Express derails near Surat, no one injured

      Saurashtra Express derails near Surat, no one injured

      ADVERTISEMENT

      editorji-whatsApp

      More videos

      Allu Arjun grilled by police for over three hours in theatre stampede case

      Allu Arjun grilled by police for over three hours in theatre stampede case

      Jaipur Fire Tragedy: Tanker driver appears before police, to be questioned by SIT

      Jaipur Fire Tragedy: Tanker driver appears before police, to be questioned by SIT

      President to confer Pradhan Mantri Rashtriya Bal Puraskar to 17 children on December 26

      President to confer Pradhan Mantri Rashtriya Bal Puraskar to 17 children on December 26

      Congress files plea in Supreme Court against amendments to election rules

      Congress files plea in Supreme Court against amendments to election rules

      BJP and Congress clash at Chandigarh civic meeting over Dr. BR Ambedkar | Watch

      BJP and Congress clash at Chandigarh civic meeting over Dr. BR Ambedkar | Watch

      Give up stubbornness, talk to farmers: Punjab CM Bhagwant Mann to Centre

      Give up stubbornness, talk to farmers: Punjab CM Bhagwant Mann to Centre

      Goa may face beef shortage as traders on strike against cow vigilantism

      Goa may face beef shortage as traders on strike against cow vigilantism

      Prevent enrolment of illegal Bangladeshi migrants: DoE to Delhi schools

      Prevent enrolment of illegal Bangladeshi migrants: DoE to Delhi schools

      PM Modi to lay foundation stone of Ken-Betwa river link project on December 25

      PM Modi to lay foundation stone of Ken-Betwa river link project on December 25

      Fresh snowfall in higher reaches of Kashmir

      Fresh snowfall in higher reaches of Kashmir

      Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.