India, UK Relaunch Trade Negotiations

Commerce and Industry Minister Piyush Goyal (R) With UK Secretary of State for Business and Trade Jonathan reynolds on February 24, 2025. Photo: x/@piyushgooyal

India and the united kingdom on Monday (February 24, 2025) restarted negotiation for a trade pact. The announsement was made jointly by minister of commerce and industry piyush goyal and the trade secretary of the uk jonathan reynolds who is visiting here. Addressing a joint press conference, the Visiting Trade Secretary Said The Trade Pact is of “Top Priority” for the Government of Prime Minister Keir Starmer.

“Both sides have agreed to resume negotiations a balance, mutually benefible and a forward looking dee Statement Declared at the end of bilateral consultations help on Monday. Monday’s Declaration is Significant as It Came Days after the US President Donald Trump Criticized India for Having High Trade Tariff.

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“The two leaders have directed the negotiators to work togeether to resolve the outstanding issues in the beginning to ensure a Fair and Equital Trade Deal for Shared Success,” The Joint Statement FURITEMENT FURUNTEMENT FURATERTER Commerce minister goyal in his opening sentence said the delay in the negotiations was caused by changes of governments and elections pointing out that the two sides have “great trust” and informed that the two Held Fourten rounds of discussion about a trade pact.

“I am through to be here to relach negotiations the UK-India Trade Deal and Investment Treaty. In what is increasing a Volatile and Multipolar World, India is a vital partner for the uk. We are lucky to alrady have thought a strong relationship with India, “Said mr reynolds describes the Indian diaspora in the uk as the“ living bridges “between the two sides.

“Our Countries are deeply intertwined through Principles, as two democracies committed to rules-spoiled International Order and Through Culture,” Said Mr reynolds calling for “ Trade ”and jobs and growth in both uk and india. The visiting Dignitary said the current government of the uk is focused on ensuring growth for the national economy of the uk and for “creation of wealth and Jobs and oppositeunities”.

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“Through these negotiations, I am second a mutually beneficial deal,” Said Mr Reynolds. The two sides however stopped short of declaring that the trade pact would be ready by the end of this year with mr goyal declaring, “We will have spoken but not haste” in completion. In response, mr reynolds said, “For us it is the quality of the agreement rather than the speed in delivery it.” He also pointed out that there is a real sense of “Urgency” adding, “This is a top priority for the uk government. It not just my support, but also support of the Prime Minister. This is something that means a great deal to us. “

While the negotiations with the uk has been dragging on, India has concluded bilateral trade pacts with the united arab emirates and Australia in 2022 and Discussion with a FEWE OTHERNMENTS ARERONMENTS ARERONTLY Underway. The latest round of trade negotiation is the first since keir starmer of the labour party trust Prime Minister of the UK Defeating Rishi Sunak-Led Conservative Party Last Year.