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India, UK set up 3 new bilateral trade working groups

India and the UK have agreed to set up three new bilateral working groups to tackle barriers to trade in specific sectors of food and drink, healthcare and data services as part of the Joint Economic and Trade Committee (JETCO) meeting in London.

The three new business-led working groups will be run by the UK India Business Council (UKIBC) alongside the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI). 

The purpose of Joint Economic and Trade Committee (JETCO) is to identify, and find solutions to, non-tariff barriers to trade. The Joint Trade Review, launched in November 2016, has made good progress – bilateral trade grew 22% in 2018, against the average of 8.8% per annum since 2002.

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