Indian commerce secretary Anup Wadhawan recently said the government will resume negotiations for the stalled free trade agreement (FTA) with the European Union (EU) and initiate fresh talks for a pact with the United Kingdom at the earliest after the preparatory work is completed. Within this year, or close to the end of the year, the both the negotiations should start, he hoped.
He refuted claims by a few analysts, saying the government’s post-pandemic production-linked incentive (PLI) schemes “are fully compliant with the World Trade Organisation (WTO) rules, as the incentives are tied to output”.
“The interactions are already under way. In the beginning, we will do some preparatory work, especially with the UK. The preparatory work is going to be some more elaborate since the negotiations are starting for the first time and with the EU also, some amount of preparatory work has to happen because there was long disruption in the negotiations,” Wadhawan was quoted as saying by a news agency. Read More.