India and the United Kingdom have finalized a free trade agreement, which is expected to boost trade between the two countries. The agreement was announced after a phone call between Indian Prime Minister Narendra Modi and UK Prime Minister Keir Starmer. Modi described the deal as a “historic milestone” that will further deepen the bilateral trade relationship between the two countries. The free trade agreement is expected to reduce or eliminate tariffs, quotas, and other trade barriers, making it easier for businesses in both countries to trade with each other.
The agreement is the result of three years of negotiations and discussions between the two countries. It is expected to create new business opportunities for companies in both India and the UK, and to promote economic growth, investment, and job creation. Modi said that the agreement will take the bilateral relationship between the two countries to the next level and make it more strategic and comprehensive. He also expressed his enthusiasm for Starmer’s upcoming visit to India.
Starmer welcomed the agreement, saying it was “fantastic news” for British business, workers, and shoppers. He tweeted that the deal would deliver on the UK’s plan for change and that he looked forward to speaking with Modi to mark the historic moment. The free trade agreement is expected to have a significant impact on the economies of both countries, and is seen as a major step forward in strengthening the bilateral relationship between India and the UK.
The agreement will provide a boost to trade between the two countries, which has been growing in recent years. India is one of the UK’s largest trading partners, and the UK is one of India’s major investors. The agreement is expected to increase trade in goods and services, and to promote investment and economic cooperation between the two countries. It is also expected to create new opportunities for small and medium-sized enterprises (SMEs) in both countries, and to promote innovation and job creation.
Overall, the free trade agreement between India and the UK is a significant development that is expected to have a major impact on the economies of both countries. It is a testament to the strong bilateral relationship between the two countries and is expected to take the relationship to the next level. The agreement is also seen as a major step forward in promoting global trade and economic cooperation, and is expected to have a positive impact on the global economy.
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