Ready to conclude FTA with India: New UK PM Keir Starmer tells Modi in his first call

  • In a phone call with UK's new PM Keir Starmer, Prime Minister Narendra Modi recalled the historic relations between the two countries and reaffirmed commitment to further deepen and advance the Comprehensive Strategic Partnership between India and the UK.

Livemint
Published6 Jul 2024, 07:43 PM IST
Britain's Prime Minister Keir Starmer.
Britain’s Prime Minister Keir Starmer.(AFP)

United Kingdom’s new Prime Minister Keir Starmer spoke to PM Narendra Modi on Saturday morning and said he stood ready to conclude a free trade agreement (FTA) that worked for both sides.

Both the leaders exchanged congratulations on their respective election wins.

“The Prime Minister [Starmer] said he looked forward to further deepening the strong and respectful relationship between both countries, and welcomed Prime Minister Modi’s leadership on key global challenges, such as climate change and economic growth,” said spokesperson for the UK prime minister's office.

Also Read | PM Narendra Modi speaks to new UK PM Keir Starmer, invites him to visit India

Both the nations have been working on a FTA for more than two years but the talks were stalled in the 14th round amidst the general elections in the two countries.

The FTA talks are expected to resume as the new Starmer-led Labour government has took the office. UK’s Labour Party won the general elections with a landslide this week.

“Discussing the Free Trade Agreement, the Prime Minister said he stood ready to conclude a deal that worked for both sides. The leaders hoped to meet at the earliest opportunity,” the spokesperson added.

 

Also Read | UK PM-elect Keir Starmer heralds ’change’ in India ties: ‘My Labour govt will…’

The two leaders also discussed the 2030 Roadmap and agreed that there was a wide range of areas including defence and security, critical and emerging technology, and climate change for the two countries to deepen cooperation on.

The Labour Party’s election manifesto had also committed to clinching the FTA deal, stating: “We will seek a new strategic partnership with India, including an FTA, as well as deepening cooperation in areas like security, education, technology and climate change.”

Also Read | UK PM gets ‘important business’ note from Larry the Cat, Downing Street’s pet

Last week, David Lammy, UK’s new foreign secretary, had also said that he wants to “finish the job” on the FTA and he plans to visit India within the first month of being elected.

“My message to [Finance] Minister Sitharaman and [Trade] Minister Goyal is that Labour is ready to go. Let’s finally get our free trade deal done and move on,” he had said at the India Global Forum in London.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:6 Jul 2024, 07:43 PM IST
Business NewsNewsWorldReady to conclude FTA with India: New UK PM Keir Starmer tells Modi in his first call

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    151.25
    03:59 PM | 6 SEP 2024
    -0.5 (-0.33%)

    State Bank Of India

    782.60
    03:55 PM | 6 SEP 2024
    -36 (-4.4%)

    Bharat Electronics

    283.65
    03:58 PM | 6 SEP 2024
    -6.95 (-2.39%)

    Indian Oil Corporation

    176.65
    03:56 PM | 6 SEP 2024
    -4.55 (-2.51%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Gujarat Fluorochemicals

    3,809.40
    03:41 PM | 6 SEP 2024
    282.65 (8.01%)

    Glenmark Life Sciences

    1,149.55
    03:55 PM | 6 SEP 2024
    56.05 (5.13%)

    SBI Cards & Payment Services

    800.40
    03:55 PM | 6 SEP 2024
    32.9 (4.29%)

    Sumitomo Chemical India

    537.50
    03:48 PM | 6 SEP 2024
    20.55 (3.98%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      73,744.000.00
      Chennai
      73,888.000.00
      Delhi
      73,528.000.00
      Kolkata
      73,025.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00
      HomeMarketsPremiumInstant LoanMint Shorts