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'This is a historic achievement', talks on FTA between India and Britain concluded, Modi-Starmer announced
Amid the ongoing trade war around the world, good news came for India on Tuesday. India and the UK have completed their much-awaited free trade agreement. Prime Minister Narendra Modi announced this while congratulating his counterpart Keir Starmer. Talks were going on for a long time between the fifth and sixth largest economies of the world regarding the free trade agreement.
All the terms of the free trade agreement (FTA) between India and Britain have finally been agreed upon after three consecutive years of negotiations. The talks were underway between the officials of both nations in London for the past few days. There was a telephonic conversation between PM Narendra Modi and UK PM Keir Starmer on Tuesday, and the Indian PM announced the same after that.
India has announced negotiations on FTA with Britain, while a top delegation of government officials is also working round the clock on finalizing the bilateral trade agreement (BTA) with the US. Negotiations on FTA with the European Union (EU) have also made considerable progress. In the coming week, PM Modi is traveling to Croatia, Norway, and the Netherlands, and on that occasion, a separate FTA between India and the Nordic countries will also be announced.
This announcement by PM Modi also comes as a surprise because the talks negotiations that have been ongoing in London have been showing that they have hit a snag on some matters.
