Prime Minister Narendra Modi embarked on a four-day visit to the United Kingdom and the Maldives today, July 23. The visit to the UK is at the invitation of Prime Minister Keir Starmer, while the state visit to the Maldives is at the invitation of President Mohamed Muizzu, the Ministry of External Affairs said. “Leaving…
Prime Minister Narendra Modi will travel to London on July 24 for the signing of the free trade agreement (FTA) between India and the United Kingdom, PTI reported on Monday citing an official. Commerce and Industry Minister Piyush Goyal will accompany him during the visit.The two countries had announced the conclusion of negotiations for the…
India-UK trade deal: The successful completion of FTA negotiations was confirmed by both nations on May 6. (AI image) Did you know that the India-UK trade deal was sealed during a walk in the park, and over an ice-cream? The Free Trade Agreement (FTA) negotiations between India and the UK reached their conclusion during an…
The free trade agreement between India and the UK, concluded on May 6, incorporates a mechanism that would allow either party to renegotiate specific clauses if the other offers better terms to a third country through separate bilateral agreements, according to people familiar with the matter. The FTA is projected to increase UK GDP by…
Shares of several Indian liquor manufacturers fell up to 5% on Wednesday after India and the United Kingdom finalised a wide-ranging Free Trade Agreement (FTA) that includes steep cuts in import duties on Scotch whisky and gin — a move seen as a threat to domestic players. Som Distilleries & Breweries led the declines, falling…
Government seals trade pact with UK: Tariffs cut, savings for Indians on work visas NEW DELHI: In a breakthrough after three years of intense talks, India and UK announced a trade deal Tuesday, covering tariff elimination for 99% of Indian exports, while allowing duty cuts on 90% tariff lines.The two countries agreed on a double…
India and the United Kingdom have concluded an “ambitious and mutually beneficial” free trade agreement (FTA) that will deepen the bilateral comprehensive strategic partnership and catalyse trade and investment, Prime Minister Narendra Modi said on Tuesday after a conversation with his British counterpart Keir Starmer. Factors contributing to the delays primarily involved techno-legal matters concerning…
In a significant step toward strengthening bilateral relations, Commerce and Industry Minister Piyush Goyal met with UK Chancellor of the Exchequer Rachel Reeves and Secretary of State for Business and Trade Jonathan Reynolds. The leaders engaged in productive discussions focused on deepening India-UK economic cooperation and strengthening the longstanding partnership between the two nations. In…