During the ongoing G-20 summit in Brazil, Britain has talked about restarting trade talks with India in the new year. British Prime Minister Keir Starmer announced this after the meeting with PM Modi. Downing Street said Britain will seek a new strategic partnership with India, including a trade agreement and deepening cooperation in areas such as security, education, technology and climate change, PTI reported.
Talks will support jobs and growth in Britain
According to the news, British Prime Minister Keir Starmer’s spokesperson said that Britain is committed to negotiating a trade deal with India, one of the fastest growing economies in the world. The joint statement said a new trade deal with India will support jobs and prosperity in the UK and represent a step forward in our mission to deliver growth and opportunity in our country.
PM Modi also praised the initiative
The Prime Minister welcomed this announcement made by Britain and said that for India, UK. Comprehensive strategic partnership with India is of utmost priority. On social media platform X, Modi said that we want to strengthen cultural ties along with trade. India’s Ministry of External Affairs (MEA) also said that the bilateral meeting strengthened India-U.K. Has given new impetus to comprehensive strategic partnership.
Discuss various aspects of partnership
The Ministry of External Affairs said in its post on X that Prime Minister Narendra Modi met the U.K. during the G-20 Brazil summit in Rio. Met Prime Minister Keir Starmer. Leaders India-U.K. Discussed various aspects of the Comprehensive Strategic Partnership. They also acknowledged the need for a balanced and mutually beneficial FTA. The meeting with Modi came soon after Starmer met Chinese President Xi Jinping and held talks with Japanese Prime Minister Shigeru Ishiba and Australian Prime Minister Anthony Albanese.
India is an important trading partner for Britain
Britain’s Business and Trade Secretary Jonathan Reynolds said India is the world’s fifth largest economy and an important trading partner for Britain. We believe there are good deals to be made here that work for both countries. India and Britain are negotiating a free trade agreement (FTA) from January 2022, with talks stalled during general elections in both countries earlier this year. According to the latest figures, bilateral trade relations were worth GBP 42 billion in the 12 months to June.
