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PREMIUM

Free trade winds: India secures 16th FTA

EXPLAINER:  Eyes enhanced bilateral trade and investment 

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Britain's Secretary of State for Business and Trade Jonathan Reynolds meets Indian Minister of Commerce and Industry Piyush Goyal for trade talks, in London. REUTERS

India finalised a free trade agreement with the UK, its 16th so far as the country aimed at boosting bilateral trade and investments. The other regions and countries with which India has signed such agreements include the four-nation European bloc EFTA, Japan, Korea and Australia. Since 2014, the country has signed five such agreements with Mauritius, the UAE, Australia, EFTA and the UK. Together, these trade pacts ensure preferential relationships with over 90 countries.

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