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Foreign Relations: India

Volume 478: debated on Monday 23 June 2008

To ask the Chancellor of the Exchequer what progress has been made establishing an Indo-British economic and financial dialogue on bilateral and global issues since the joint declaration with India of 20 September 2004. (212172)

The first meeting of the UK-India Economic and Financial Dialogue, led by then Chancellor of the Exchequer my right hon. Friend the Member for Kirkcaldy and Cowden Heath and Indian Finance Minister Shri P. Chidambaram, was held in New Delhi, India on 18 January 2007.

In the meeting, Ministers and officials from both sides discussed issues on the current global economic situation, financial services, climate change, and using public-private partnership to enhance infrastructure investment.

A further meeting of the UK-India Economic and Financial Dialogue was held at officials level on 27 September 2007 in London. In addition to the topics covered in the January ministerial meeting, development and financial inclusion issues were also discussed. The Chancellor of the Exchequer held a bilateral meeting with Minister Chidambaram in parallel to the Economic and Financial Dialogue.

The Chancellor of the Exchequer will host the next round of the UK-India Economic and Financial Dialogue in London in July 2008.