Prime Minister Narendra Modi and his UK counterpart Keir Starmer on Thursday endorsed the new "India-UK Vision 2035" which will steer the bilateral ties for the next 10 years with a focused and time-bound programme of action in key pillars such as economy and growth, technology and innova
Prime Minister Narendra Modi on Thursday stated that India and the UK have ushered in a new era of economic cooperation with the signing of the Free Trade Agreement (FTA), along with the Double Contribution Convention, during his tete-a-tete with UK Prime Minister Keir Starmer.
The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom provides near-complete tariff elimination for Indian exporters, unlocking significant opportunities across various sectors.
Industry trade bodies and industry leaders have welcomed the signing of the India-UK Free Trade Agreement (FTA), terming the move a "transformational milestone in bilateral economic relations" of the two countries.
Farmers in India are among the major winners as they are set to get preferential access to UK's agricultural market -- pegged to be around USD 37.5 billion -- with the signing of the landmark India-UK Free Trade Agreement.
United Kingdom Prime Minister Keir Starmer on Thursday said that the India-UK FTA deal will bring significant benefits to both countries, benefiting jobs, business, and making trade "cheaper, quicker and easier".
During a joint press statement with UK Prime Minister Keir Starmer, PM Modi highlighted the enhanced market access and economic opportunities for both nations while expressing gratitude for the warm hospitality he received during his official visit to the country.
The India-UK Free Trade Agreement (FTA) is set to unlock major export opportunities for several key Indian sectors, offering zero-duty market access and a level playing field in the UK's large and diverse import market.
The much-awaited landmark India-UK Free Trade Agreement has been signed on Thursday, in presence of Prime Ministers Keir Starmer and Narendra Modi, giving greater access to good and services between the two countries.
India's leather and footwear exports to the UK could exceed USD 900 million, marking a major leap forward for the sector. This growth is expected as the India-UK Free Trade Agreement (FTA) opens up new opportunities for small artisans and businesses across the country.