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, PM Narendra Modi said on Tuesday, May 6, after a conversation with his British counterpart Keir Starmer.
The deal was finalised three years after Modi and his former British counterpart Boris Johnson set a target of concluding the FTA by October 2022. Since then, the negotiations had been affected by differences on a range of issues, including tariffs on alcohol and automobiles, and political turmoil in the UK.
“Delighted to speak with my friend PM @Keir_Starmer. In a historic milestone, India and the UK have successfully concluded an ambitious and mutually beneficial Free Trade Agreement, along with a Double Contribution Convention (sic),” PM Modi said in a post on X.
