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of <h1>Indian and British commerce ministers finalize Free Trade Agreement during Hyde Park walk, aiming to double bilateral trade to USD 120 billion by 2030</h1> Indian and British commerce ministers concluded Free Trade Agreement negotiations during an informal walk in London's Hyde Park, where the British counterpart treated the Indian minister to chocolate ice cream. The FTA, which began negotiations in January 2022, was formally confirmed on May 6 and aims to double bilateral trade to USD 120 billion by 2030. The agreement includes a Double Contribution Convention preventing duplicate social security taxes for temporary workers. The Indian minister emphasized the deal's benefits for business stability, investment confidence, and joint market opportunities, comparing it to a 'good marriage' while addressing concerns about temporary worker provisions during the UK-India Week summit.
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