Finance Minister Nirmala Sitharaman on Wednesday wrapped up the 13th Ministerial India-UK Economic and Financial Dialogue (EFD) with her British counterpart, Chancellor Rachel Reeves, on a note of “positivity and eagerness” to conclude the bilateral Free Trade Agreement (FTA) negotiations soon.
The annual dialogue, held at the London Stock Exchange, covered a broad range of issues which the UK Treasury said resulted in a GBP 400 million of trade and investment boost involving Indian firms such as Paytm and Mphasis unveiling investment plans for the UK market.
A resulting joint statement from the EFD sets out plans to generate growth, improve bilateral financial services ties and deepen policy cooperation on the UK Industrial Strategy, tax, sustainable finance and illicit finance.
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