New Delhi, Feb. 24 -- India and the UK have resumed negotiations towards a Free Trade Agreement (FTA) between the two nations, the Ministry of Commerce and Industry said in a statement on Monday.

This announcement has been made by the Union Commerce and Industry Minister Piyush Goyal and his UK counterpart Jonathan Reynolds who is in Delhi, the statement said.

The two sides have agreed to resume negotiations towards a balanced, mutually beneficial and a forward-looking deal that delivers mutual growth and builds on the strengths of two complementary economies, it said.

Goyal expressed confidence that the two nations will be able to make rapid progress to meet the collective aspirations for trade, investment and mutual prosperity of the...