How the CBI is working for members to unblock market access issues in India through the JETCO process.
India’s Union Commerce Minister Mr Piyush Goel met the UK’s Secretary of State for International Trade Ms Liz Truss virtually in the fourteenth Joint Economic and Trade Committee (JETCO) meeting in the last week of July. Both sides agreed to an Enhanced Trade Partnership as part of a roadmap that could lead to a future Free Trade Agreement. The Enhanced Trade Partnership will seek to address non-tariff barriers to trade and will establish a specific dialogue to explore routes to removing tariff barriers. Both governments also expanded the scope of working jointly to remove non-tariff barriers to include the services sector. So far, both governments have been working jointly on food and drink, IT and life sciences. Read the joint statement here.
Trade between the UK and India was worth £24bn last year alone. According to UK government figures released on 10 July, India became the second-largest source of foreign
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