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India, UK sign trade pact, Historic milestone, says PM Modi

India, UK sign trade pact, Historic milestone, says PM Modi

India and the UK has announced a broad trade deal that removes tariffs on a majority of goods and services in a move that could serve as precursor to similar agreements between New Delhi and other nations including the US.Prime Minister Narendra Modi on Tuesday,in a tweet announced the deal, describing it as a “historic milestone” and said he looked forward to meeting UK PM Keir Starmer in India soon. PM Modi and Prime Minister of the United Kingdom Keir Starmer had a telephone conversation on Tuesday in which the two leaders welcomed the successful conclusion of an ambitious and mutually beneficial India-UK Free Trade Agreement.

The India-UK free trade deal came after negotiations were resumed in February after a nine-month pause.Union commerce minister Piyush Goyal, during his London visit on April 28 had a detailed discussion with UK Trade Secretary Jonathan Reynolds.Earlier,Finance minister Nirmala Sitharaman’s UK visit on April 9 further accelerated discussions, during which she met with PM Starmer, Chancellor Rachel Reeves, and Reynolds.

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