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Historic Resumption of India-UK Trade Talks

Joint-Statement-on-the-resumption-of-India-UK-trade-negotiations
India and the UK have resumed trade negotiations, following discussions between Prime Ministers Narendra Modi and Keir Starmer at the G20 Summit in November 2024. The announcement was made by India's Commerce Minister Piyush Goyal and UK Secretary of State Jonathan Reynolds in Delhi. Both nations acknowledge their strong partnership in areas like security, technology, and education, aiming for economic growth through a balanced trade deal. The goal is to address outstanding issues collaboratively, ensuring a mutually beneficial agreement that enhances business opportunities and strengthens their economic ties further.

Joint Statement on the resumption of India-UK trade negotiations

Today the Republic of India and the United Kingdom have resumed negotiations towards a trade deal between our two countries.

24 February 2025

The Prime Minister of India Shri Narendra Modi and Prime Minister of the United Kingdom the Rt Hon Sir Keir Starmer met on the sidelines of the G20 Summit in Rio de Janeiro, Brazil in November 2024 to underline the importance of resuming trade negotiations at an early date. 

Today the Republic of India and the United Kingdom have resumed negotiations towards a trade deal between our two countries. This announcement has been made by Minister for Commerce and Industry of India Shri Piyush Goyal and Secretary of State for the Department for Business and Trade of the United Kingdom the Rt Hon Jonathan Reynolds in Delhi. This announcement is an outcome of the above stated discussions held at the level of Prime Ministers of the two countries. 

India and the United Kingdom have a close partnership, built through collaboration on security and defence, new and emerging technologies, climate, health, education, research and innovation, green finance and people-to-people contacts. At the centre of this relationship is the collective aspiration to deliver economic growth and sustainable development.

Both sides have agreed to resume negotiations towards a balanced, mutually beneficial and a forward-looking deal that delivers mutual growth and builds on the strengths of the two complementary economies. The strengthening of the trading relationship between our two countries has the potential to unlock opportunities for business and consumers across both our nations and build further on our already deep ties.

The two leaders directed the negotiators to work together to resolve the outstanding issues in the agreement to ensure a fair and equitable trade deal for shared success.

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