Tuesday, 3 October 2023
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TradingWorld

Rishi Sunak will only accept an India trade pact strategy

  • According to UK PM, the FTA negotiations with India are moving along.
  • He would only agree to a strategy that worked for the entire UK.
  • India is already one of the UK’s biggest trading partners, with a GBP 36 billion annual trade connection.

According to UK Prime Minister Rishi Sunak, the free trade agreement (FTA) negotiations with India are moving along, and the UK will only sign on to a deal that benefits the entire country.

In all areas of bilateral cooperation, Sunak emphasized India as the UK’s “indispensable partner” and stressed his desire to fortify ties between the two countries.

Free trade agreement

Sunak claimed that he would only agree to a strategy that worked for the entire UK after the negotiations had gone through 12 rounds.

Kemi Badenoch, the UK’s secretary for business and trade, provided an update to the cabinet on the FTA talks and noted that India is already one of the UK’s biggest trading partners, with a GBP 36 billion annual trade connection.

It is anticipated that Sunak’s visit to New Delhi will be warmly received and that he will hold private talks with Prime Minister Narendra Modi.

According to some UK media reports, Sunak and his wife Akshata Murty plan to visit Humayan’s Tomb as a tourist attraction.

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