Next round of India, UK talks with the expectation of complimentary economic alliance expected soon.

The Chief Financial Officers (CFOs) of India and the UK are expected to hold the next round of talks for a proposed economic alliance soon. The discussions will focus on resolving differences regarding issues such as vehicles, medical devices, and the movement of professionals. The talks will cover various topics, including rules of origin, intellectual property rights, social security agreements, and duty concessions on specific items. Both countries are also negotiating a bilateral investment treaty, with the main point of contention being the mechanism for dispute settlement. The Indian industry is seeking greater access for skilled professionals and market access for goods in the UK, while the UK is looking for reduced import duties and more opportunities for services in India. The bilateral trade between India and the UK has increased in recent years. The "rules of origin" provision ensures that goods labeled as originating from an FTA country have undergone a prescribed value addition in that country, preventing the dumping of goods. [Extracted from the article]