UK-India trade pact to be signed after three months, India official says
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A bilateral trade deal between India and the United Kingdom could be signed after three months and will take over a year to implement, an Indian government official said on Thursday, Reuters reports.
New Delhi and London concluded talks for a free trade deal on Tuesday, closing a long-coveted deal between the world's fifth and sixth largest economies.
India has offered separate import quotas to Britain for combustion engine vehicles and electric cars, the official said, and tariff cuts on the vehicles will be offered in a phased manner.