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The landmark deal to liberalise trade with one of the world’s biggest growing economies is delayed in a blow to the Government’s growth plans.
Former Prime Minister Boris Johnson met Indian leader Narendra Modi in April and set an ambitious target to sign the free trade agreement (FTA) by Diwali later this month. / Recently, Braverman said that she had doubts regarding the deal as it would increase immigration to the UK even as Truss is eager to sign an agreement with India by Diwali, on October 24.
Portugal has said it hopes to resume negotiations on trade and investment between the EU and India at a summit between EU leaders and India’s Prime Minister Narendra Modi in Porto on 8 May.
Brussels and Delhi tipped to open talks on free trade agreement within days – while UK admits ‘shared intent to begin work’ only.
'It is hard to predict how full Brexit would play out, because this scale of multiple simultaneous renegotiations of global trade agreements is unprecedented – and no country has ever left the EU. It certainly can’t be assumed that Britain is bound to get quick and good deals because it is a large economy.'
British PM is now more likely to push for 'harder' divorce from EU.
Prime minister says current system is ‘generous enough’ in a move which could hamper Delhi trade talks