India-UK Trade Pact: A Gateway to Unmatched Opportunities
British Prime Minister Keir Starmer emphasized the unprecedented opportunities the India-UK free trade agreement presents during his visit to India. The pact, signed in July, serves as a foundation for expanding trade, set to intensify ties with India's advancing economy. Starmer's visit includes discussions with Indian PM Narendra Modi.
- Country:
- India
British Prime Minister Keir Starmer highlighted the unique potential of the India-UK free trade agreement during his inaugural visit to India as PM. Describing the trade pact as a 'launchpad,' Starmer underscored its importance in fostering economic growth and bilateral trade expansion with India, expected to become the world's third-largest economy by 2028.
Accompanied by a delegation of influential UK business leaders and academic figures, Starmer stated that the agreement is not merely a document, but a strategy for economic acceleration. The prime minister met with Indian Premier Narendra Modi to discuss enhancing bilateral relations.
The trade deal, enabling greater market access and reduced tariffs, aims to double bilateral trade by 2030. As part of Starmer's agenda, the reduction in tariffs on British goods and the acceleration of bilateral trade development were key focal points, setting the stage for an elevated economic partnership between the UK and India.
(With inputs from agencies.)
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