Prime Minister Narendra Modi met with UK Prime Minister Sir Keir Starmer in London yesterday, marking a significant milestone in the two nations’ economic ties. The historic Comprehensive Economic and Trade Agreement (CETA) was signed by the two leaders, marking a new chapter in the bilateral relationship between India and the UK.
The meeting brought together leading industry captains from both countries, representing various sectors such as health, pharmaceuticals, gems and jewellery, automobiles, energy, manufacturing, telecom, technology, IT, logistics, textiles, and financial services. These sectors are crucial to employment generation and inclusive economic development in both nations.
During their interaction with the business leaders, Prime Ministers Modi and Starmer emphasized the potential of opportunities flowing from CETA for deepening trade, investment, and innovation partnerships. They reaffirmed their shared commitment to drive economic growth through enhanced bilateral collaboration, noting that the new agreement will give a boost to business sentiment in both economies and the global economic landscape.
The two leaders took a stroll through an impressive showcase featuring flagship products and innovations from both nations, including gems and jewellery, engineering goods, quality consumer products, and advanced technological solutions. This exhibition highlighted the tangible benefits of CETA, which promises to expand bilateral trade and investment ties in recent years.
Indian business leaders expressed optimism that the historic trade agreement will usher in a new era in the Comprehensive Strategic Partnership between India and the UK. They hailed the agreement as a significant step towards deepening collaboration not only in trade and economy but also in emerging technologies, education, innovation, research, and health sectors.
Both Prime Ministers Modi and Starmer reaffirmed their commitment to supporting businesses, small and large, in harnessing the potential of CETA and deepen the bonds of economic cooperation for years to come. The signing of this historic agreement marks a new era of partnership between India and the UK, with far-reaching implications for both nations and the global economy.
Conclusion:
The Comprehensive Economic and Trade Agreement (CETA) between India and the UK represents a significant milestone in the bilateral relationship between the two nations. With its potential to expand trade, investment, and innovation partnerships, CETA promises to drive economic growth and cooperation between India and the UK, with implications for the global economy.
- The agreement was signed by Prime Minister Shri Narendra Modi and Prime Minister Sir Keir Starmer.
- Leading industry captains from both countries represented various sectors such as health, pharmaceuticals, gems and jewellery, automobiles, energy, manufacturing, telecom, technology, IT, logistics, textiles, and financial services.
- The CETA promises to expand bilateral trade and investment ties in recent years.
This landmark agreement has the potential to shape India’s foreign policy implications and international significance, as it marks a new era of partnership between two major economies. As the world looks towards emerging markets, this historic agreement is set to have far-reaching consequences for global economic cooperation and trade.