Piyush Goyal to visit UK from June 25-27 to finalize trade deal | Today’s news
Commerce and Industry Minister Piyush Goyal will visit the UK from June 25 to 27 before the India-UK Comprehensive Economic and Trade Agreement (CETA) and Double Contribution Convention (DCC) come into force on July 15.
During his visit, Goyal will hold a bilateral meeting with Peter Kyle, UK Secretary of State for Trade and Commerce, to review preparations for both agreements and further strengthen India-UK economic ties. According to the Department of Commerce, discussions will focus on harmonizing regulatory plans, streamlining cross-border customs coordination and finalizing administrative mechanisms necessary to implement CETA and DCC.
The two ministers will review preparations for CETA’s tariff liberalization commitments, which are expected to provide better market access opportunities for Indian exports in the UK. They will also discuss the operational plan for the DCC, which aims to create a mechanism to address the dual claims for social security contributions for eligible temporary workers.
Bilateral engagement will also cover the operationalization of mutual market access commitments across key service sectors and measures to strengthen trade and investment ties between the two countries.
Showcasing India to Global Investors
During his visit, Goyal will participate in a series of government-to-business meetings with investors, industry leaders and business representatives. He is scheduled to address the inaugural plenary session of the India Global Forum on ‘Capital, Innovation and the UK-India Momentum’, focusing on the opportunities arising from the India-UK CETA. He will also hold a meeting with executives from HSBC and Rolls-Royce to discuss investments, industry collaborations and manufacturing partnerships in India.
Goyal will attend a business plenary and lunch hosted by the British India Business Council, which will bring together executives from companies including Tata, TCS, HSBC, Prudential, De Beers and Baker McKenzie. He will also lead a roundtable hosted by Asia House with representatives from financial and industry institutions such as JP Morgan, Standard Chartered, Lloyds, Morgan Stanley and Arup to discuss India’s investment environment, industrial competitiveness and integration with global supply chains.
The visit will conclude with interactions with the Indian industry delegation, members of the UK-India business community and global education groups, including GEDU.
The ministry said the visit underscores India’s commitment to engage with global businesses and investors and supports the shared goal of expanding India-UK bilateral trade to $120 billion by 2030.
