New Delhi, April 19 -- The British government has stated that although good market access has been offered on both sides, it is not yet sufficient to secure a free trade agreement (FTA) with India.

This statement was made by UK Foreign Secretary David Cameron during a debate in the House of Lords concerning the current state of negotiations for the India-UK FTA.

He stated, "My understanding of where we are with the trade deal is that good market access has been offered on both sides, but not quite enough yet to secure a deal."

"It is important with such trade deals, as you only really get one proper shot at it, to make sure that it is a good enough deal that will be welcomed by industry leaders here in the UK as offering real market ac...