New Delhi: India and the UK are exploring convenient dates to resume the talks for the proposed free trade agreement in early February, according to the commerce ministry.
The talks for the proposed FTA began in January 2022. The 14th round of talks stalled as the two nations stepped into their general election cycles.
"Mutually convenient date is being explored for the next round of negotiations for early February," the ministry informed on Wednesday.
The bilateral trade between India and the UK increased to USD 21.34 billion in 2023-24 from USD 20.36 billion in 2022-23.
Regarding a similar agreement with the European Union (EU), the ministry said that the tenth round of talks is scheduled from March 10-14 in Brussels.
India is negotiating FTAs with the EU, EAEU, and ASEAN, covering goods, services, and investment. India-EU trade reached USD 200 billion in 2023. Talks with ASEAN resume in February, while EAEU discussions focus on finalising terms.