Historic Agreement Between India and UK

In a significant move to bolster bilateral relations, India and the United Kingdom have finalized the Free Trade Agreement (FTA) along with a Double Contribution Convention. Commerce Minister Piyush Goyal hailed this as a progressive step towards fostering growth, employment, and innovation.

Leaders' Perspectives

Prime Minister Narendra Modi and UK Prime Minister Keir Starmer recognized the agreement's potential to enhance trade, investment, and employment opportunities in both countries. Modi described the deal as a "historic moment" and "mutually beneficial," looking forward to strengthening the Comprehensive Strategic Partnership.

Negotiation Journey

The UK FTA negotiations began on January 13, 2022, involving several rounds of discussions. The final agreement was reached after continuous efforts by both nations' negotiating teams since February, with concluding discussions held in London recently.

Future Prospects

The comprehensive FTA aims to boost bilateral commerce, create jobs, enhance living standards, and improve citizens' welfare. Both leaders affirmed the importance of expanding economic and commercial relations to strengthen their multifaceted partnership.