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Just a fortnight after individuals of UK voted in favour of Britain’s exit from the European Union, UK Business Secretary Sajid Javid started dialogue with India’s Commerce & Industry Minister Nirmala Sitharaman to explore the potential for inking a separate Free Trade Agreement (FTA) between India and UK. When asked concerning the situation, Sitharaman stated that the casual talks will transform into a formal framework but did not divulge whether or not the settlement will likely be FTA or a preferential one.