Key Takeaways
- India and the UK have resumed trade deal negotiations, aiming for a balanced and mutually beneficial agreement.
- The two countries are working together to resolve outstanding issues in the agreement.
- The trade deal has the potential to unlock opportunities for business and consumers across both nations.
New Delhi: India and the United Kingdom on Monday resumed negotiations towards a trade deal between the two countries, says Union Minister for Commerce and Industry Piyush Goyal.
India and the United Kingdom have a close partnership, built through collaboration on security and defence, new and emerging technologies, climate, health, education, research and innovation, green finance and people-to-people contacts.
At the centre of this relationship is the collective aspiration to deliver economic growth and sustainable development, an official statement of the Ministry of Commerce and Industry said.
Prime Minister Narendra Modi and the UK Prime Minister Sir Keir Starmer had met on the sidelines of the G-20 Summit in Rio de Janeiro, Brazil in November 2024 to underline the importance of resuming trade negotiations at an early date.
Today India and the UK have resumed negotiations towards a trade deal between our two countries, Goyal said in presence of Secretary of State for the Department for Business and Trade of the United Kingdom Jonathan Reynolds who is in Delhi.
Both sides have agreed to resume negotiations towards a balanced, mutually beneficial and a forward-looking deal that delivers mutual growth and builds on the strengths of the two complementary economies. The strengthening of the trading relationship between our two countries has the potential to unlock opportunities for business and consumers across both our nations and build further on our already deep ties.
The two leaders directed the negotiators to work together to resolve the outstanding issues in the agreement to ensure a fair and equitable trade deal for shared success.
