During the ongoing G-20 summit in Brazil, Britain talked about restarting trade talks with India in the new year. This was announced by British Prime Minister Keir Starmer after the meeting with Prime Minister Modi. Downing Street said Britain will pursue a new strategic partnership with India, including a trade deal and deeper 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 spokesman said Britain is committed to negotiating a trade deal with India, one of the world’s fastest growing economies. The joint statement said a new trade deal with India will support jobs and prosperity in the UK and will represent a step forward in our mission to deliver growth and opportunity in our country.
Prime Minister 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 a top priority. On social media platform X, Modi said we want to strengthen cultural ties along with trade. India’s Ministry of External Affairs (MEA) also said that the bilateral meeting strengthened relations between India and the United Kingdom. It has given new impetus to the comprehensive strategic partnership.
Discuss various aspects of the partnership.
The Ministry of External Affairs said in its post on X that Prime Minister Narendra Modi met the UK during Brazil’s G-20 summit in Rio. He met with Prime Minister Keir Starmer. India-UK leaders discussed various aspects of the Comprehensive Strategic Partnership. They also recognized the need for a balanced and mutually beneficial FTA. The meeting with Modi came shortly 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 that good agreements can be made here that work for both countries. India and Britain are negotiating a free trade agreement (FTA) starting in January 2022, and talks stalled during general elections in both countries earlier this year. According to the latest figures, bilateral trade relations amounted to £42bn in the 12 months to June.
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