New Delhi, Feb 25 (UNI) India and the UK have agreed to resume negotiations towards a balanced, mutually beneficial and a forward-looking free trade deal that delivers mutual growth and builds on the strengths of the two complementary economies.
This was decided as India and the UK have resumed negotiations towards a trade deal between the two countries.
This announcement was made by Commerce Minister Piyush Goyal and Secretary of State for the Department for Business and Trade of the UK Jonathan Reynolds in Delhi, a statement from the UK High Commission said today.
The two ministers agreed that the strengthening of the trading relationship between the two countries has the potential to unlock opportunities for business and consumers across both our nations and build further on the already deep ties.
The two leaders directed the negotiators to work together to resolve the outstanding issues in the agreement to ensure a fair and equitable trade deal for shared success.
The announcement on resumption of the FTA is an outcome of the discussions held at the level of Prime Ministers of the two countries.
Prime Minister Narendra Modi and UK Prime Minister Keir Starmer met on the sidelines of the G20 Summit in Rio de Janeiro, Brazil in November 2024 to underline the importance of resuming trade negotiations at an early date.
India and the UK have a close partnership, built through collaboration on security and defence, new and emerging technologies, climate, health, education, research and innovation, green finance and people-to-people contacts. At the centre of this relationship is the collective aspiration to deliver economic growth and sustainable development.
