Prime Minister Narendra Modi announced on Tuesday that India and Great Britain had successfully concluded their free trade agreement in a historical milestone.
The PM Modi, who spoke to the British Minister of Primers Keir Starmer, said that the mutually beneficial FTA comes up with a two -post convention, which is the Social Security Pact between the two countries.
“He is pleased to talk to my friend PM @keir_starmer. In the historical milestone in India and the UK, they successfully concluded an ambitious and mutually beneficial free trade agreement, along with the Dual Contribution Convention,” Modi said in the X post.
Modi said that the agreements deepen partnerships and investments while increasing job creation. Soon he was also looking forward to welcoming Starmer to India.
“These agreements on important points will further deepen our comprehensive strategic partnerships and catalyze trade, investment, growth, job creation and innovation in both our economies. I look forward to seeing PM Starmer in India soon,” he added.
Starmer said that strengthening alliances and reducing business barriers with economies around the world is part of their plan to provide a stronger and safer economy, according to the press release of the Prime Minister’s Office.
India-UK Agreement on Free Trade
India-UK FTA comes to the back of US President Donald Trump, who sweeps new tariffs and refers to one of the largest Indian shops with the main country.
The conclusion of ambitious FTA is expected to significantly strengthen bilateral trade, create new ways for employment, increase their standard of living and improve the overall well -being of citizens in India and the UK.
Interviews on free trade agreement between India and Britain were originally launched in January 2022. However, the negotiations were irregular, given that Britain had had four premieres over the last three years.
“It will also unlock the new potential for these two nations to develop products and services for global markets together. This agreement speeds up the strong basics of a comprehensive strategic partnership in India UK and prepares a way for a new era of cooperation and prosperity,” PMO said.
(This is an evolving story. See back on the updates)
(Tagstotranslate) India UK FTA
