India-UK Trade Deal: Starmer Pushes for Swift Implementation

UK Prime Minister Keir Starmer has expressed strong intent to accelerate the finalization and implementation of the India-UK Free Trade Agreement (FTA), stating that the UK wants the deal completed “as soon as humanly possible.” His remarks come ahead of his first official visit to India, signaling a renewed push to deepen economic ties between the two nations.

Starmer emphasized that the trade deal is not just a transactional arrangement but a strategic partnership that reflects shared democratic values and mutual economic ambition. He noted that both countries stand to benefit significantly from enhanced market access, reduced tariffs, and streamlined regulatory frameworks.

The FTA, which has been under negotiation for several years, is expected to unlock substantial opportunities in sectors such as pharmaceuticals, textiles, automobiles, and financial services. For India, it could mean greater access to UK markets for labor-intensive exports, while the UK seeks to expand its footprint in India’s growing consumer and services sectors.

Starmer’s visit will include meetings with Prime Minister Narendra Modi and key business leaders in Mumbai, where discussions will likely focus on trade, investment, and innovation. His proactive stance reflects the UK’s post-Brexit strategy to forge stronger bilateral trade relationships outside the European Union.

The urgency expressed by Starmer is seen as a positive signal by Indian industry stakeholders, who have long advocated for a comprehensive and balanced agreement. With both governments aligned on the need for speed and substance, the coming weeks may prove pivotal in shaping a landmark trade partnership.

Source: Economic Times