The United Kingdom is set to relaunch discussions with India on a free trade agreement in early 2025, signaling a renewed commitment to building a stronger economic partnership between the two nations. Prime Minister Keir Starmer’s office confirmed on November 18 that talks would resume following a pause during the recent elections in both countries.
In a statement, Starmer highlighted the importance of a new trade deal with India, emphasizing that it would unlock new opportunities for job creation, economic growth, and prosperity in the UK. The partnership is expected to expand beyond trade, with discussions also covering areas such as security, technology, education, and climate change.
The UK and India are already key trading partners, with total trade valued at £42 billion in the year leading up to June 2024. British exports to India alone amounted to £16.6 billion. Both countries see significant potential in deepening their economic relationship, especially as India emerges as one of the fastest-growing economies in the world.
Previous trade talks between the UK and India had faced some challenges, including issues related to import duties on British whiskey and visa requirements for Indian students and businesses. However, British Business Minister Jonathan Reynolds expressed optimism about reaching a fair and mutually beneficial agreement that supports long-term economic cooperation.
This trade deal is seen as a key step in the UK’s post-Brexit trade strategy, with both countries poised to benefit from a closer, more dynamic economic partnership.
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