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India, UK for boosting bilateral trade
New Delhi, Jan 05: India and the UK today expressed keenness to boost bilateral trade and emphasised on the need end the WTO stalemate.
The Indo-UK bilateral trade, which stands at dollar five
billion, has immense potential to grow as the UK happens to be
India's second-largest trading partner, visiting British Trade
Minister Mike o'Brien said after meeting his Indian
counterpart Arun Jaitley.
Both the ministers expressed disappointment at the
current stalemate in the negotiations while exchanging views
on developments after the Cancun ministerial conference, an
official release said.
On the bilateral front, the UK raised the issue of high
tariffs on Scotch whisky and asked India to abolish additional
duties on spirits and wines while India drew the attention
towards substantial reduction in tariff levels.
Bureau Report