India Commerce Minister on Trade Talks, Economy, Visas

Trade Agreements & Investment - Indian businesses are very excited about the free trade agreement with the UK and the double contribution convention [1] - Investments flowing from India to the UK are higher than the other way around, and the agreement is expected to encourage greater investments due to a stable and predictable business environment [2] - The agreement is seen as a milestone and historic achievement that will help redouble trade and grow jobs in both countries [3] - Many sectors are considering the UK as a potential hub for goods and services [4][5] - India has concluded free trade deals with Australia, the United Arab Emirates, and Mauritius, and is in active dialogue with the US, Peru, and Chile [22] Intellectual Property Rights - India was wrongly classified as having problems with its patent and IP regime, but good discussions with pharma companies and stakeholders have addressed concerns [7] - India has issued nearly 160,000 patents in the last two years and has created a trusted atmosphere with fast-track clearances [8] - India now has a robust intellectual property rights chapter with Switzerland and the UK [8] Trade Negotiations & Relations - Trade negotiations are ongoing with the United States, the European Union, and New Zealand [12] - There are no sticking points in the trade relationship or negotiations with the United States, and good progress is being made [14] - India stands for fair play and is looking to achieve open trade with all trading partners who give equal access to Indian goods and services [15][16] - Free trade agreements are not about immigration, but about free trade in goods and services [10][11]