The India-UK FTA, which covers goods and services, is central to the UK’s “Plan for Change” and is expected to unlock new economic opportunities for both countriesread moreIndia and the United Kingdom have officially concluded a landmark Free Trade Agreement (FTA) and a Double Contribution Convention, marking a major leap in their Comprehensive Strategic Partnership.In a phone call on Tuesday (May 6), Prime Minister Narendra Modi and UK Prime Minister Sir Keir Starmer hailed the deal as a historic milestone that will boost trade, investment, innovation, and job creation. The agreement, which covers goods and services, is central to the UK’s “Plan for Change” and is expected to unlock new economic opportunities for both countries.STORY CONTINUES BELOW THIS ADHere’s the full statement from the Prime Minister’s Office (PMO) on the same:Prime Minister Shri Narendra Modi and Prime Minister of the United Kingdom H.E. Sir Keir Starmer had a telephone conversation today. The two leaders welcomed the successful conclusion of an ambitious and mutually beneficial India–UK Free Trade Agreement along with the Double Contribution Convention.The Leaders described it a historic milestone in the bilateral Comprehensive Strategic Partnership that would foster trade, investment, innovation and job creation in both the economies. Both agreed that the landmark agreements between the two big and open market economies of the world will open new opportunities for businesses, strengthen economic linkages, and deepen people-to-people ties.PM Starmer said that strengthening alliances and reducing trade barriers with economies around the world is part of their Plan for Change to deliver a stronger and more secure economy.The two leaders agreed that expanding economic and commercial ties between India and the UK remain a cornerstone of the increasingly robust and multifaceted partnership. The conclusion of a balanced, equitable and ambitious FTA, covering trade in goods and services, is expected to significantly enhance bilateral trade, generate new avenues for employment, raise living standards, and improve the overall well-being of citizens in both countries. It will also unlock new potential for the two nations to jointly develop products and services for global markets. This agreement cements the strong foundations of the India-UK Comprehensive Strategic Partnership, and paves the way for a new era of collaboration and prosperity.STORY CONTINUES BELOW THIS ADPrime Minister Modi invited Prime Minister Starmer to visit India. The leaders agreed to remain in touch.More from World News
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