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India and Britain are close to signing a Free Trade Agreement (FTA) this year after reaching consensus on the proposed deal. India views the FTA as crucial for expanding its exports, while Britain aims to diversify its global trade relationships post-Brexit. The two countries have completed negotiations on most contentious issues, but differences remain on intellectual property rights and rules of origin. The next round of negotiations will be held soon, and both countries are working towards finalizing the deal. Bilateral trade between India and the UK has increased by 16.6% year-on-year.
Source: Link
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