August 29, 2016 10:56 pm | Updated 10:56 pm IST - NEW DELHI:
The proposal for a India-U.K. Free Trade Agreement (FTA) got a boost with talks that U.K. Secretary of State for International Trade Liam Fox held on Monday with Finance Minister Arun Jaitley and Commerce & Industry minister Nirmala Sitharaman. “He (Fox) mentioned about the new FTA, depending on terms and conditions of UK’s withdrawal arrangement from the EU,” a finance ministry statement said. Sitharaman said , “Yes, there is a possibility of an FTA with the U.K.”
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