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India accords 6riority country, status to the UK
Hindustan Times
|November 21, 2024
NEW DELHI: India on Wednesday accorded "priority country" status to the United Kingdom after the two countries agreed to resume negotiations for a free trade agreement (FTA), which could lead to a three-fold rise in Indian exports to the UK by 2030 and help in achieving New Delhi's ambitious $1 trillion merchandise export target by FY30.
"Subsequent to the meeting between Prime Minister Shri Narendra Modi and the Prime Minister of the United Kingdom H.E. Sir Keir Starmer on the sidelines of the G-20 Summit in Rio de Janeiro, Brazil, we welcome the announcement by the UK to relaunch the India-UK Free Trade talks in the new year," a statement from India's commerce ministry said. The talks were suspended in May after they entered the 14th round in January this year.
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