The United Kingdom and India have sealed a significant Free Trade Agreement (FTA) during Indian Prime Minister Narendra Modi’s visit to London. The signing of the pact marks an important step to strengthen economic ties between the two nations post-Brexit, with the goal of boosting bilateral trade and investment opportunities in various sectors.
The agreement is seen as a victory for the UK in its search for new trading partners after its departure from the European Union, while for India it represents an opening to an important market and access to new technologies and investments. The pact provides for the reduction of tariffs and trade barriers, facilitating the flow of goods and services and promoting cooperation in areas such as technology, finance, and professional services.
Both leaders emphasized the potential for mutual growth that the FTA will bring, with projections of a substantial increase in trade volume in the coming years. The signing of this agreement not only strengthens the bilateral relationship but also signals a realignment of the global commercial strategies of both powers.
