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PM Narendra Modi and UK Prime Minister Rishi Sunak Review Promising Progress of India-UK FTA Negotiations

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Prime Minister Narendra Modi meets UK PM Rishi Sunak during G20 Summit

Prime Minister Narendra Modi met UK PM Rishi Sunak on Saturday, during the latter’s first visit to India, on the sidelines of the G20 Summit in New Delhi. This was Sunak’s first visit to India after taking office as Prime Minister in October 2022.

Progress in Bilateral Cooperation

  • The two leaders noted with satisfaction the progress in diverse areas of bilateral cooperation as per the India-UK Comprehensive Strategic Partnership and the Roadmap 2030.
  • Areas of progress include economy, defence and security, technology, green technology, climate change, health, and mobility sectors.
  • Both leaders also exchanged views on international and regional issues of importance and mutual interest.

Free Trade Agreement Negotiations

  • Both leaders reviewed the progress of Free Trade Agreement negotiations.
  • Expressed hope that the remaining issues could be addressed soon for a balanced, mutually beneficial, and forward-looking Free Trade Agreement.
  • Finance Minister Nirmala Sitharaman indicated in August that India was close to a “final call” on signing the FTA with the UK.
  • Talks have been ongoing since 2021 with 13 rounds of talks thus far.
  • Bilateral trade between the two countries hit USD 20.36 billion in 2022-23.

Bilateral Visits

  • Prime Minister Modi invited PM Sunak for a bilateral visit at an early, mutually convenient date for a more detailed discussion.
  • Prime Minister Sunak accepted the invitation and congratulated PM Modi for a successful G20 Summit.
  • PM Modi also met with Giorgia Meloni, the Prime Minister of Italy, and Fumio Kishida, the Prime Minister of Japan.

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Updated: 09 Sep 2023, 10:14 PM IST

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