Commerce and Industry Minister Smt. Nirmala Sitharaman has said that Government is working at various levels to make India an investor friendly destination. Speaking at the India Summit 2016 organised by The Economist ,she said the government is removing obstacles to make economy more vibrant and provide transparent and accountable governance.

Smt. Sitharaman said that Intellectual Property Rights policy alongwith legislative framework is TRIPS compliant. On the issue of FTA’s ,the Minister said that review of FTA’s is an ongoing process. She said post Brexit FTA with UK is possible only when it comes out of European Union.

Intellectual Property Rights compliance affirmed; government pursuing investor-friendly reforms and ongoing free trade agreement reviews post-Brexit. Government seeks to make India investor friendly by removing regulatory obstacles and promoting transparent governance. The Intellectual Property Rights framework is stated to be TRIPS-compliant, providing protection and predictability. Review of Free Trade Agreements is ongoing as part of trade policy, and a bilateral post-Brexit FTA with the United Kingdom would be considered only after changes in the UK-EU relationship.