Brief by Shorts91 Newsdesk / 01:24pm on 20 Mar 2024,Wednesday Business
The 14th round of trade negotiations between the UK and India ended without an agreement, leading to the suspension of discussions. Despite two weeks of intense talks, both parties failed to finalize a sought-after free trade deal before India's upcoming election campaign. Negotiations are expected to resume later this year, possibly in May or June, aiming to reach an agreement before the UK general election. UK officials highlighted India's stance on services and investment as a key obstacle. The UK seeks access to India's market for its services sector, representing 80% of its economy.
