Blitz Bureau
NEW DELHI: The India-UK free trade agreement (FTA) ushers a new era in trade between the two countries, Finance Minister Nirmala Sitharaman said, reported IANS.
In a post on X, she said that under PM Modi’s leadership, India will be an engine of growth. “This agreement will mean greater market access to Indian exporters. Industries and innovation can flourish,” the FM added.
“Signing bilateral agreements is the order of the day today. Multilateral agreements were in currency for some time but today seems to be the time for countries to chalk their own bilateral arrangements,” she mentioned during a plenary session of the ‘NEXT Milan Forum’ at Bocconi University in Milan, Italy.
The FTA takes place in the backdrop of growing economic relations between India and the UK as exemplified in the bilateral trade of about $60 billion which is projected to double by 2030.
This comprehensive and forward-looking agreement is the culmination of intense negotiations aimed at deepening trade and investment ties across a range of sectors, including goods, services and technology.
