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India and UK Embark on New Economic Era with Historic Free Trade Agreement (FTA)

In a monumental step that marks a new chapter in global diplomacy and economic cooperation, India and the United Kingdom have successfully concluded a comprehensive Free Trade Agreement (FTA) along with a Double Contribution Convention. These milestone agreements are expected to catalyse trade, accelerate investment flows, generate employment, and spark innovation across both economies.

The announcement followed a cordial and forward-looking conversation between India’s Prime Minister and his British counterpart, Prime Minister Keir Starmer. The leaders expressed mutual enthusiasm about this strategic alignment, which stands as a testament to the shared values and growing trust between the two nations.

The newly signed Free Trade Agreement is ambitious in scope and design. It removes key trade barriers, simplifies access to each other’s markets, and opens new opportunities for businesses in sectors ranging from technology and textiles to pharmaceuticals and education. This move is anticipated to unlock fresh momentum in bilateral trade, allowing both countries to explore untapped growth potential.

Accompanying the FTA, the Double Contribution Convention seeks to create a fair and transparent taxation framework, protecting individuals and businesses from dual taxation. This will provide greater financial clarity and stability for investors and enterprises operating across borders.

Prime Minister Modi extended a warm invitation to PM Keir Starmer to visit India soon, signaling deeper ties and stronger engagement in the days to come. With these accords in place, the two countries are poised to shape a more resilient and connected global economy.

  10:34 AM, May 07

Source : India and UK Embark on New Economic Era with Historic Free Trade Agreement (FTA)
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