"Largest Agreement U.K. has Pursued Since...": Keir Starmer in Dialogue with PM Modi
Revamped Conversation: A Game-Changer Deal Between UK and India
Hey there! Let's dive into the recent buzz between the UK and India. The PM of the UK, Keir Starmer, had an exciting phone call with Narendra Modi, the Indian PM, discussing the finalization of the Free Trade Agreement (FTA). Starmer deemed it a "truly historic occasion," describing it as the biggest deal the UK has struck since leaving the EU, recalling that it's also the most ambitious that India has ever attempted.
During the conversation, the leaders complimented each other and agreed that this trade deal would fortify their "strategic partnership." According to Starmer, the FTA will enhance living standards, increase money in the pockets of British working folk, and solidify the unique bond between these two countries.
The FTA signed off by Commerce and Industry Minister Piyush Goyal during his conversations with UK Business and Trade Secretary Jonathan Reynolds in London. This agreement is projected to significantly influence economic growth, trade, investment, job creation, and innovation in both India and the UK.
The UK trade deal with India indeed appears promising, fascinatingly growing one of the fastest-expanding economies in the world. Key aspects and benefits of this agreement involve increased bilateral trade by £25.5 billion by 2040, tariff reductions on UK exports such as whisky and gin, expanded market access for Indian professionals, and the deepening of the Comprehensive Strategic Partnership between the two nations. Additionally, a Social Security Agreement (Double Contribution Convention) will prevent double social security contributions for Indian professionals temporarily working in the UK, ensuring they don't pay into systems from which they cannot benefit.
So, buckle up as we navigate this whirlwind of economic opportunities and revel the upcoming prosperity between the UK and India.
- Keir Starmer, the UK's Prime Minister, expressed his congratulations to Narendra Modi, India's Prime Minister, on the historic occasion of finalizing the Free Trade Agreement (FTA) between their countries.
- Starmer believes that the FTA will boost living standards and put more money in the pockets of British working folk, strengthening the strategic partnership between the UK and India.
- Piyush Goyal, India's Commerce and Industry Minister, signed off the FTA during discussions with UK Business and Trade Secretary Jonathan Reynolds in London. The agreement is projected to positively impact economic growth, trade, investment, job creation, and innovation in both countries.
- The UK-India trade deal, with its focus on increased bilateral trade, tariff reductions on UK exports like whisky and gin, expanded market access for Indian professionals, and deepening of the Comprehensive Strategic Partnership, holds promise for the growth of one of the fastest-expanding economies in the world, making headlines in the realm of policy-and-legislation and general news.
