BRITISH Prime Minister Keir Starmer met business leaders on Wednesday in Mumbai and called the India-UK trade partnership “really important”, which the UK struck after it left the European Union.
Speaking at an interaction with industry leaders, Starmer said, “This is the biggest trade mission that the United Kingdom has ever sent to India.” He noted that his visit marks the “return leg” after Prime Minister Narendra Modi’s trip to the UK earlier this year. The UK’s exit from the EU has enabled it to forge new trade relationships, and the India-UK FTA is a significant step in this direction. This agreement reduces the UK’s reliance on EU trade and strengthens economic ties with a rapidly growing economy, such as India. Calling the Free Trade Agreement (FTA) signed in July this year between the two countries “really important”, Starmer said, “It’s the biggest deal we’ve struck since we left the European Union. I think it’s also the biggest deal that India has ever struck, so it’s hugely important.”
The UK-India Free Trade Agreement (FTA) is a landmark deal that aims to boost bilateral trade between the two nations by £25.5 billion annually. Signed in July 2024 during Prime Minister Narendra Modi’s visit to the UK, this agreement marks a significant milestone in the economic partnership between the world’s fifth- and sixth-largest economies.
ANI
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