During their conversations in Japan, PM Modi and UK PM Sunak decided to work towards a “ambitious” FTA

Prime Minister Narendra Modi and his British colleague Rishi Sunak discussed the status of continuing free trade agreement (FTA) negotiations on Sunday and agreed for their trade teams to keep working towards a ‘ambitious’ deal, according to Downing Street.

At the G7 conference of advanced economies in Hiroshima, Sunak and Modi had a chance encounter.

The two leaders are claimed to have discussed the nations’ deep relations in their second in-person meeting since the G20 Summit in Indonesia last November.

Downing Street has stated that the British Indian leader’s first visit to India will be for the G20 Summit in New Delhi later this year, in reference to India’s G20 leadership.

The leaders reflected on the profound linkages between the UK and India, which are anchored in our personal relationships, as well as the critical role of democracy and fair and free commerce,’ according to a Downing Street statement.

They discussed the status of the free trade agreement between the UK and India. The team leaders agreed that their groups would keep moving quickly to create a bold, win-win arrangement. similar to the spokeswoman’s position.

‘The leaders reviewed the G7 Summit’s broader objectives, and Prime Minister [Sunak] pledged his full support for India’s G20 Presidency, which comes at a critical time for global security and prosperity. He looked forward to working closely with Prime Minister Modi in the run-up to the Summit later this year,” the statement added.

Modi is also claimed to have given Sunak his ‘warm congratulations’ on King Charles III’s Coronation earlier this month, where India was represented by Vice President Jagdeep Dhankhar.

Meanwhile, the Ministry of External Affairs (MEA) summary of the meeting mirrored similar findings from the two leaders’ in-person meeting, in which they reviewed the India-UK Comprehensive Strategic Partnership, including progress in the India-UK FTA discussions.

Last month, the two countries completed the ninth round of FTA negotiations, which included comprehensive discussions on a variety of policy issues.

Harjinder Kang, the UK’s Chief Negotiator for the FTA, was recently appointed as the country’s new Trade Commissioner to South Asia and Deputy High Commissioner for Western India, stationed in Mumbai.

India was the UK’s 12th largest trading partner in the four quarters to the end of Q3 2022, accounting for 2.1 percent of total UK trade, according to official UK government statistics. They also committed to expand their collaboration in a variety of areas, including trade and investment, research and technology, higher education, and people-to-people connections.

During G20 negotiations, Prime Minister Modi stated that he was looking forward to welcome Sunak to New Delhi for the G20 Summit in September.

The G7 Summit finished last weekend in Hiroshima after extensive deliberations between leaders of the world’s leading economies. India was invited to join the Group of Seven, which also comprises the United States, the United Kingdom, Canada, Japan, France, Germany, and Italy, as well as the European Union (EU).

Leave a Reply

Your email address will not be published. Required fields are marked *