India and UK will work towards broad based trade and investment agreement

India and UK on Monday agreed to remain fully committed to resolving the remaining issues and work towards concluding a mutually beneficial India-EU Broad based trade and investment agreement at the earliest.

A joint press statement by the Chancellor of the Exchequer of UK, George Osborne, and Finance Minister Pranab Mukherjee after the fifth round of UK-India Economic and Financial Dialogue said both sides recognized the important role that small and medium sized enterprises (SMEs) play in underpinning economic growth and employment in both our countries, and discussed the challenges they face, particularly in raising finance, and resolved to work together to promote trade and investment between the SME sectors of the two countries.

Today’s dialogue reaffirmed the continued strength of the UK-India economic and financial relationship. Both sides agreed to continue to work closely throughout the year to follow through on their commitments and look forward to the next round of talks in 2013.

The two sides discussed ways to strengthen our mutual cooperation and further boost trade and investment between our two countries during the talks, which included senior representatives of our Finance Ministries and regulatory bodies…

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