With an aim to deliver healthy growth in the services sector, India is seeking greater market access for its 'AMITY' (Ayush, medicine, IT, textiles and yoga) sectors and a number of goods in the proposed free trade agreement with the UK. India is also looking at mutual recognition of educational degrees in the two countries.
Besides, in goods, the country is seeking greater market access to labour-intensive sectors that can boost India's exports and can be mutually beneficial for both nations. Earlier, India and the UK in March concluded the second round of talks for the proposed free trade pact (FTA), which aims to further strengthen the economic ties.
The negotiating teams of both sides will hold the third round of talks next week. Meanwhile, the country recently signed economic cooperation and trade agreements with Australia and the UAE to boost trade. Both the pacts would help in promoting trade in services as well.
