India and the United Kingdom on Thursday signed a landmark trade deal called the ‘Free Trade Agreement’ in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer. The deal is expected to double bilateral trade from the current 60 billion dollars to 120 billion dollars by 2030.
PM Modi is on a four-day visit to the UK and the Maldives, his fourth visit to the UK. Modi also invited his UK counterpart to visit India.
is fourth visit to the UK. Modi also invited his UK counterpart to visit India.
Speaking after the formal signing of the trade deal, PM Modi said he was delighted that the two nations had signed the Comprehensive Economic and Trade Agreement after several years of hard work.
Here are the top quotes from PM’s remarks in London:
–Today marks a historic day in our relations. I am delighted that after the hard work of several years, today our two nations have signed the Comprehensive Economic and Trade Agreement.
‘Not Just Economic Agreement’
-This Agreement is not just an economic agreement but also a plan for shared prosperity. On one side, Indian textiles, footwear, gems and jewellery, seafood, and engineering goods will get better market access in the UK.
2-This agreement will especially benefit Indian youth, farmers, fishermen and MSME sector. On the other hand, for the people of India and industry, products made in the UK, like medical devices, will be available at reasonable and affordable prices.
-New opportunities will be created in the British market for India’s agricultural produce and processed food industry.
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