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.
Prime Minister Narendra Modi on Thursday highlighted the intensifying cooperation between India and the UK for the extradition of fugitives present there, noting that the fugitives misusing the democratic freedoms to undermine democracy will be held accountable for their offence.
Prime Minister Narendra Modi on Thursday hailed the Indian diaspora in the UK as a vital force in strengthening bilateral ties between the two nations, noting that their contributions went beyond their culinary roots to creativity, commitment, and character.
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 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 average tariff on UK products will drop from 15 per cent to 3 per cent under the to-be-signed India-UK FTA, a British government statement said just ahead of the scheduled signing ceremony in presence of Prime Minister Keir Starmer and Indian counterpart Narendra Modi.