India and the UK are set to commence the next round of talks for a free trade agreement (FTA) with a 30-member UK delegation arriving in India. Both countries aim to address remaining issues, particularly concerning rules of origin, to conclude the negotiations soon. Discord remains over the dispute resolution mechanism in the proposed bilateral investment treaty (BIT), with India favoring exhausting local remedies before international arbitration. India seeks greater market access for skilled professionals, while the UK pushes for reduced import duties on items like scotch whiskey, automobiles, lamb meat, and chocolates. The bilateral trade rose to USD 20.36 billion in 2022-23.
India-UK Free Trade Agreement Talks Continue Amid Discord Over Dispute Resolution and Market Access
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