Free Trade Agreement negotiations are going on with UK, EU and Canada: Union Minister Nirmala Sitharaman
July 12, 2025
  • Read Ecopy
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • International
  • Opinion
  • Op Sindoor
  • More
    • Analysis
    • Sports
    • Defence
    • RSS in News
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
MAGAZINE
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • International
  • Opinion
  • Op Sindoor
  • More
    • Analysis
    • Sports
    • Defence
    • RSS in News
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
Organiser
  • Home
  • Bharat
  • World
  • Operation Sindoor
  • Editorial
  • Analysis
  • Opinion
  • Culture
  • Defence
  • International Edition
  • RSS in News
  • Magazine
  • Read Ecopy
Home World Europe

Free Trade Agreement negotiations are going on with UK, EU and Canada: Union Minister Nirmala Sitharaman

“India has shown very clearly its initiative is working out well in pursuing with countries and agreeing to have FTA with them. We've had free trade agreements both in goods and services with ASEAN, we have had with Korea, with Japan” said Union Finance Minister Nirmala Sitharaman while speaking at the PIIE

by WEB DESK
Apr 11, 2023, 02:30 pm IST
in Europe, Bharat, World
FacebookTwitterWhatsAppTelegramEmail

On April 10, Union Finance Minister Nirmala Sitharaman while speaking at the Peterson Institute for International Economics (PIIE) on Free Trade Agreements in Washington (FTA) said that FTAs are being signed in a much “faster” way nowadays and also informed that the India-UK FTA negotiations are “going on as we speak.”

This confirmation comes at a time when a recent report suggested that the FTA talks between the two countries are suspended over the UK’s failure to denounce vandalism by Khalistani supporters outside the Indian High Commission in London last month.

The Finance Minister said that, “Free Trade Agreements are being signed in a much faster way nowadays. We’ve just concluded one with Australia. Earlier we concluded with UAE, Mauritius and with Association of Southeast Asian Nations (ASEAN). We have extended quota-free and tariff-free regime to Least Developed Countries”.
Speaking on India’s wish to pursue trade with multilateral groups, she said, “I think India has shown very clearly its initiative is working out well in pursuing with countries and agreeing to have FTA with them. We’ve had agreements with ASEAN, free trade agreements both in goods and services with ASEAN, we have had with Korea, with Japan. So free trade agreements have bilaterally or with multilateral groups been the route which India has had till before 2014 and now between 2019 and today, we’ve had at least three major agreements signed. So, we shall proceed in that route, with the United Kingdom, the European Union, and Canada. All three are happening now as we speak, the negotiations are going on. So we shall go in those preferential routes.”

Earlier today, India dismissed as “baseless” reports in British media stating that it had halted talks for a free trade agreement with the United Kingdom over the attack on the Indian high commission in London last month, Government sources said on April 10.

London-based newspaper The Times in its April 10 edition citing senior British government sources reported that the Indian government has “disengaged” from trade talks and made it clear that there would be no progress “without a public condemnation of the Khalistan movement.”

The India-UK Free Trade Agreement talks were launched on June 17, 2022.

Further, Nirmala Sitharaman urged World Trade Organisation (WTO) to bring transparency in terms of moratorium.

“WTO should be more open about issues. WTO has to be progressive and fair to all members. It has to give voice to all and not just hear but also heed. There’s a continuation of a moratorium since 1998 on electronic transmissions despite evolution to digital age. Shouldn’t there be a change in WTO policy in terms of moratorium? We don’t have to reverse benefits of globalisation but make it more transparent,” she added.

Sitharaman said that India is poised for a more important role in the global value chains.”Given the shocks

witnessed due to supply chain disruptions, MNCs have become prudent & are diversifying. India is attractive because of its skilled youth and large domestic market,” she added.

Also she further stated that India’s growth is sustainable as it attempts to grow its manufacturing sector and not import products that it manufactures.

“Catering to the domestic markets became attractive due to the Phased Manufacturing Programme (PMP),” she said.

“India needs to have resilient value chains come to India for which we came up with Production Linked Incentives (PLI) schemes so that those supply chains can thrive in domestic as well as int’l markets. We’ve incentivised production so that goods produced in India are consumed in India as well as exported to other countries,” she added.

PLI Scheme has helped increase India’s mobile manufacturing capacity, which was almost nil in 2014 and today, India is the second largest manufacturer of smartphones. PLI schemes for 13 sunrise sectors are bringing global value chains into India.

Sitharaman also interacted with business leaders and investors. “Union Finance Minister Smt. @nsitharaman interacts during a roundtable meeting on the “Investment opportunities for the long term: India on the Rise” with business leaders and investors, co-hosted by @FollowCII and @USIBC, in @USChamber, Washington DC, today,” tweeted Ministry of Finance.

Union Finance Minister Smt. @nsitharaman interacts during a roundtable meeting on the “Investment opportunities for the long term: India on the Rise” with business leaders and investors, co-hosted by @FollowCII and @USIBC, in @USChamber, Washington DC, today. pic.twitter.com/aJO9LoK3jF

— Ministry of Finance (@FinMinIndia) April 10, 2023

Indian Ambassador to the US, Taranjit Singh Sandhu accompanied Sitharaman an Executive Roundtable hosted by US-India Business Council (USIBC).
“India on the Rise! Accompanied Finance Minister [?]@nsitharaman for an Executive Roundtable hosted by @USIBC & [?]@FollowCII with a number of leading companies across key sectors. Tremendous energy in the India US economic partnership!” tweeted Sandhu.

India on the Rise!

Accompanied Finance Minister ⁦@nsitharaman⁩ for an Executive Roundtable hosted by @USIBC & ⁦@FollowCII⁩ with a number of leading companies across key sectors. Tremendous energy in the India US economic partnership! pic.twitter.com/furKhtHC9C

— Taranjit Singh Sandhu (@SandhuTaranjitS) April 11, 2023

(with inputs from ANI)

Topics: IndiaNirmala SitharamanASEANFTAIndia-UK FTAIndian High CommissionUnion Finance Minister Nirmala SitharamanPeterson Institute for International EconomicsFree trade agreementsPIIE
ShareTweetSendShareSend
✮ Subscribe Organiser YouTube Channel. ✮
✮ Join Organiser's WhatsApp channel for Nationalist views beyond the news. ✮
Previous News

Fake News About RSS: Islamists spreading fake newsletter in the name of RSS claiming converting Muslim girls to Sanatan

Next News

1984 anti-Sikh riots: Congress leader Jagdish Tytler appears before CBI for giving voice sample

Related News

Tibetan Spiritual leader Dalai Lama

Succession plan of the Dalai Lama and its impact on India

Operation Sindoor Shattered Chinese Plans to Invade Taiwan by 2027

Operation Sindoor shakes Indo-Pacific: How Pakistan defeat exposed Chinese weapons & shattered Taiwan invasion plans

Kaladan Project to be operational by 2027, says union shipping minister Sarbananda Sonowal

Kaladan project to boost regional connectivity: India-Myanmar corridor to link Northeast with global sea routes by 2027

PM Narendra Modi

Five Nation Tour: Modi to visit Namibia, 1st by Indian PM trip in 30 years to secure minerals, energy ties, expand UPI

LR-LACM developed by DRDO under Nirbhay missile project

Turkey fears India may offer LR-LACM missile to Greece, escalating strike threat amid Cyprus row & defence cooperation

Ghanaian President John Mahama conferred upon Prime Minister Modi its highest state honour, the Companion of the Order of the Star

Five Nation Tour: PM Modi gets Hare Rama Hare Krishna welcome in Ghana, bags top honour, signs 4 MoUs, plans UPI push

Load More

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Digital India Foundation flags security threat over Pakistan bid to join global AI Alliance Network (AIANET)

Digital India Foundation flags security threat over Pakistan bid to join global AI Alliance Network (AIANET)

National Security Adviser Ajit Doval attends the 62nd Convocation of IIT Madras

Tamil Nadu: Ajit Doval rips into foreign media over Operation Sindoor narrative

Andhra Pradesh: Kamalananda Bharati Swamiji set to commence padayatra to strengthen dharmic and temple centric society

Shubhranshu Singh joins Inaugural Board of Effie LIONS Foundation, to represent India and South Asia

Lieutenant Governor Manoj Sinha

J&K: LG Manoj Sinha lashes out at those spreading false, misleading narratives similar to that of terror organisations

Celebrating Aurangzeb? Why India urgently needs genocide memory laws

A representative image

Breaking Barriers: 1.38 Lakh tribal students to get JEE/NEET coaching, skills, jobs under new govt-industry partnership

MEA slams Punjab CM Bhagwat Mann

AAP in dock over foreign policy fiasco: Global Gaffe by Bhagwant Mann and diplomatic damage control by Bharat

US President Donald Trump

The saga of ‘Trumponomics’: A trajectory of economic impediments and geopolitical complications

Mazar built over dog’s grave demolished

Uttar Pradesh: Yogi government’s bulldozer action in Sambhajinagar: Mazar built over dog’s grave demolished

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

  • Home
  • Search Organiser
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Africa
    • North America
    • South America
    • Europe
    • Australia
    • Global Commons
  • Editorial
  • Operation Sindoor
  • Opinion
  • Analysis
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Entertainment
  • More ..
    • Sci & Tech
    • Vocal4Local
    • Special Report
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Health
    • Politics
    • Law
    • Economy
    • Obituary
    • Podcast
  • Subscribe Magazine
  • Read Ecopy
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Policies & Terms
    • Privacy Policy
    • Cookie Policy
    • Refund and Cancellation
    • Terms of Use

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies