News

British trade minister Jonathan Reynolds met his Indian counterpart Piyush Goyal in London on Friday in an unscheduled resumption of talks as the countries seek to clinch a free trade deal in the shadow of U.S. tariffs.

Goyal returned to London for the talks, a British government spokesperson said, after a two-day visit earlier in the week ended without a final agreement.

Talks between Britain and India on a trade deal started in January 2022, as Britain sought to forge an independent trade policy after leaving the European Union.

After talks were delayed by a churn in British politics - with four different prime ministers in office since negotiations began - the Labour government that took power last year looked set to clinch a deal imminently.

Separately, both countries are also seeking bilateral deals with the United States to remove some of President Donald Trump's tariffs.

Those levies have upended the global trade system, and the resulting turmoil has sharpened focus in both London and New Delhi on the need to clinch a UK-India trade deal.

The British and Indian governments each said that talks earlier in the week had been constructive.

"We have been clear we will only sign a deal that is fair, balanced and ultimately in the best interests of the British people," a British trade ministry spokesperson said.

Businesses briefed on the outline of a deal on Tuesday said only a few issues remained outstanding, according to sources familiar with the discussions. Areas such as the reduction of tariffs on whisky and autos had been finalised, they added.

Britain and India are also looking to conclude separate treaties on investment and social security, negotiated alongside the free trade agreement.

Under the proposed investment treaty, companies will have protections that allow them to sue either government if they believe policy changes unfairly harm their investments, two sources told Reuters.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

${res.must_watch_article[0].headline}

Stock Market Holiday Jammu Kashmir News Live GT vs SRH Live Score Delhi Rain PM Modi on Shashi Tharoor Odisha 10th Result 2025 Ganga Expressway Indian Rupee Hyderabad Water Crisis IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.