THE 7th round of Ministerial level
India-UK Economic and Financial Dialogue (EFD) will be held here tomorrow.
The Indian delegation for the EFD will be led by the Union Finance Minister,
Mr Arun Jaitley while Chancellor of Exchequer, Mr George Osborne, will
lead the UK delegation which will also include Mr. Oliver Letwin,
Minister of State for Government Policy in the Cabinet Office.
The discussions during EFD will focus among others on Macroeconomic
Risks and Policy Responses. Besides it, both the delegation will also
hold discussions on Infrastructure Financing and Trade and Investment
relations between the two countries. Another major issue on the agenda
of EFD includes discussions on Financial Services and Regulations among
others.
In pursuance of Joint Declaration signed between the Prime Ministers of
two countries on September 20, 2004, an India-UK Economic &
Financial Dialogue was officially launched on 4th February, 2005 through
signing of an agreement between then Finance Minister of India and Mr.
Gordon Brown, erstwhile Chancellor of Exchequer of UK. The Dialogue
comprises of annual Ministerial and Official level meetings to be held
alternatively in UK and India. The objective of the Dialogue is to
strengthen the financial and economic relationship between India and the
UK, in the light of each country's economic policy agenda and within a
global economic perspective.
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