Status of Free Trade Agreements

India is fast-tracking negotiations for proposed free trade agreements with certain developed countries like the UK as well as with the European Union, and maybe by this year end, the government would be able to give a final shape to few of these pacts, minister of state for commerce and industry Anupriya Patel said.

The trade pact with Australia would be operationalized "very soon".

She also expressed hope that the trade pact with Australia would be operationalized "very soon".

India has already implemented a trade agreement with the UAE, and "we are fast-tracking our FTAs (Free Trade Agreements) with lot of other developed countries like the UK, and the EU- and maybe by this year end, we would be able to give a final shape to few of these," she said while addressing a function.