New Delhi, July 19 -- India and the United Kingdom are in the final stages of launching a Free Trade Agreement (FTA) that aims to boost bilateral trade by focusing on sectors like electric vehicles (EVs), textiles, and labour mobility.

The deal, in development since January 2022, is expected to be signed soon, following 14 rounds of negotiations.

According to UK Trade Commissioner for South Asia, Martin Kent, the FTA is designed to deliver "something genuinely impactful" for both economies.

While declining to give a timeline, he confirmed that the negotiations are close to completion and are expected to benefit key industries and consumers in both countries.

The proposed agreement is anticipated to reduce or eliminate tariffs on a wid...