UK Prime Minister Keir Starmer has announced that UK-India trade talks will relaunch in the new year, following a bilateral meeting with Prime Minister Narendra Modi at the G20 summit.
Article continues below
r>
Boosting trade abroad is essential to delivering a strong economy at home. The UK is committed to negotiating a trade deal with India – one of the fastest growing economies in the world.
The UK will seek a new strategic partnership with India, including a trade agreement, as well as deepening co-operation in areas like security, education, technology, and climate change.
The Business and Trade Secretary announced the UK’s commitment to relaunching talks with Free Trade Agreement partners in July. Since then, negotiations have been kickstarted with the Gulf Cooperation Council, Switzerland and South Korea. The UK is also set to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on 15 December.
The Department for Business and Trade will soon unveil the government’s new Trade Strategy, aligned with the Industrial Strategy, to help inform future trade talks and achieve long-term sustainable, inclusive and resilient growth through trade.
The Prime Minister is using his trip to the G20 in Brazil to strengthen ties with the world’s leading economic powers to drive growth and deliver for the British people at home.
Prime Minister Keir Starmer said: “Boosting economic growth is key to improving living standards for working people.
“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 across our country.”
A deal with India would boost the UK’s trading relationship, worth £42 billion in the 12 months to June 2024. UK exports to India are worth £16.6 billion. ■
A clipper system will move quickly across the northern Plains into the Midwest Friday and the Northeast by Saturday, bringing a wintry mix of rain and snow showers ahead of a sweeping cold front.