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WORLD NEWS | India-UK FTA has hallmarks of becoming global standard: UK foreign secretary

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LONDON, Jan. 25 (PTI) — The free trade agreement (FTA) being negotiated between India and the UK has all the hallmarks of becoming a truly global standard, British Foreign Secretary James Cleverly said on Wednesday.

Speaking at the annual India Global Forum (IGF) UK-India parliamentary luncheon co-hosted by the Indian High Council, the foreign minister highlighted the two countries’ partnership in climate action and said he plans to visit India for its G20 presidency in the coming months .

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“On the trade side, we’re negotiating well that has all the hallmarks of a truly global standard bilateral trade relationship, because we have this wonderful bilateral relationship that I think is unique,” Cleverly said.

“The similarities allow us to work together so easily and the differences mean we don’t have that groupthink that often hinders innovation…India is really at the forefront of green economic development and we are very, very keen to be Your good mate,” he said.

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Labeling the India-UK relationship as “wonderful, unique, intimate and family”, the minister shared his experience of “sensory overload” and “dynamic entrepreneurs and forward-thinkers” during his first visit to the country as foreign secretary last year. reflect. met.

“These people have absolutely been the cornerstone of the UK’s economic dynamism for decades, as well as a range of exciting technological ideas that will help make the world cleaner, greener, healthier, happier and more Prosperity,” he said.

“I am very much looking forward to India’s G20 presidency, which I firmly believe will be as exciting and dynamic as the rest of Indian society. And, I cannot wait for the opportunity to go back,” he added.

In his speech, Vikram Doraiswami, India’s High Commissioner to the UK, highlighted the importance of establishing historical ties to look to the future of the relationship between the two countries.

“The essence of a partnership is to identify what we are each good at, what we need from each other, and find ways we can achieve these goals together in a mutually beneficial way,” Doraiswami said.

“History is an important guide, it tells us what we have, where we came from and how we came together. But no friendship can move forward by looking only at the past, our friendship must be based on the values ​​of the past, our Shared values, but on the path we see going forward,” he said.

Regarding this week’s 74th Republic Day celebrations, the diplomat praised India’s remarkable constitution, which from the outset created “equal expectations for every citizen of India, regardless of race, creed, ethnicity or gender,” And reaffirmed a shared belief in democracy as the unifying force behind the relationship between the two countries.

The parliamentary lunch on the banks of the Thames also marked the launch of the new UK-India Future Forum (UKIFF) to foster high-level engagement between business leaders and policymakers.

Professor Manoj Ladwa, founder and chairman of the UK-based India Global Forum, said: “UKIFF will focus on advancing high-impact strategic partnerships and investment flows, with technology and modern science at its core.”

“As it launches at this important event on the Anglo-Indian calendar, this partnership is well positioned for the next phase of impactful growth,” he said.

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)



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