<p>New Delhi: India and the UK are expected to sign the <a href="https://www.deccanherald.com/tags/free-trade-agreements">Free Trade Agreement (FTA)</a> next week, a pact which aims to boost trade and investment between the two countries, an official said.</p><p>The two countries announced the conclusion of the negotiations on May 6.</p><p>It will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030.</p>.India, UK launch FTA negotiations with an aim to double bilateral trade by 2030.<p>"The process of legal scrubbing of the FTA text is going on. It is expected to be signed next week," the official said.</p><p>Once the FTA is signed, it will require approval from the British Parliament and India's Cabinet before it can take effect.</p><p>The implementation is likely to take about a year after the signing.</p>
<p>New Delhi: India and the UK are expected to sign the <a href="https://www.deccanherald.com/tags/free-trade-agreements">Free Trade Agreement (FTA)</a> next week, a pact which aims to boost trade and investment between the two countries, an official said.</p><p>The two countries announced the conclusion of the negotiations on May 6.</p><p>It will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030.</p>.India, UK launch FTA negotiations with an aim to double bilateral trade by 2030.<p>"The process of legal scrubbing of the FTA text is going on. It is expected to be signed next week," the official said.</p><p>Once the FTA is signed, it will require approval from the British Parliament and India's Cabinet before it can take effect.</p><p>The implementation is likely to take about a year after the signing.</p>