New Delhi: India and the United Kingdom are trying to deepen bilateral ties and the “continuing pace” towards the free trade agreement and bilateral investment agreements, which on Wednesdays mentioned new opportunities for both economies on Wednesday.
“Both parties agree that a strong and robust relationship in the UK-India increases the resistance of both economies, including trade, macroeconomic cooperation, supply chain resistance and cooperation on global challenges, both sides and multilaterally,” the statement said.
“We will continue to cooperate on solving global challenges and support for the international rules,” he added.
The statement comes during the Minister of Finance Nirmala Sithaman’s six -day visit to the UK and Austria, where she chaired together with her counterpart on Wednesday with her counterpart, the Chancellor of the Treasury Rachel Reeves, in London.
The visit comes at a time of increased uncertainty of global trade according to mutual tariffs deposited by US President Donald Trump.
India seeks to strengthen partnerships and attract investments to navigate in potential disruptions from the shift of business policies.
Certainly, during 2023-24, exports of goods to the UK to the value of $ 12.98 billion, which, according to the Ministry and Industry, is 13.3% per year.
Renewed conduct
India and the United Kingdom continued negotiations on FTA after an eight -month break in February.
Calls include the planned British introduction of its carbon boundary treatment mechanism (CBAM) since January 2026, which could create uneven conditions in the proposed FTA with India, as well as problems regarding mobility for professionals.
“The UK SIDE WAS PLEASED TO UPDATE ON ITS FORTHCOMING INDUSTRIAL STRATEGY, WHERE THE PARTNERSHIP CAN Support The Industrial Strategy’s Growth-Driving Sectors, Such as Advanced Manufacturing and Life Emerging roles AS A Global Manufacturing Hub, As Well AS in Clean Energy, Professional and Business Services, Financial Services, The Creative Industries, and Defense to Support Jobs and Economic Growth, “The Statement Said.
“Both parties are looking forward to signing the India-UK industrial defense map to strengthen the links between industrial sectors and supply chain support,” he added.
Both parties also appreciated their G20 cooperation and committed themselves to addressing global macroeconomic risks, while promoting shared goals for inclusive and sustainable growth across multilateral platforms.
“We agree with the importance of continuing involvement in the Financial Stability Council (FSB) to strengthen global financial stability, solve systemic risks and ensure a resistant, inclusive and stable international financial system, including the implementation of agreed international reforms and standards,” the statement said.
“We support continuing work on strengthening cross -border payments, solving financial risks related to climate and increasing the resistance of non -banking financial mediation (NBFi) from a systemic point of view, including a work program that deals with the availability of non -banking data, use and quality and work,” she added.
(Tagstotranslate) India UK Trade
