
India's Modi And UK PM Starmer Ink Trade Deal
Starmer hailed the agreement as a "landmark moment" for both countries as he hosted India's leader at his Chequers country estate, northwest of London.
"This is not the extent or the limit of our collaboration with India," added the British premier, whose year-old government is struggling to fire up an economy weakened by years of stagnant growth and high inflation.
"We have unique bonds of history, of family and of culture and we want to strengthen our relationship further, so that it is even more ambitious, modern and focused on the long term," he said.
Starmer and Modi announced in May they had struck a free trade agreement that the British government says will eventually add GBP4.8 billion ($6.5 billion) a year to the UK economy.
The UK and India hope the accord will boost trade between the two countries by GBP25.5 billion, as well as bolstering the British economy and wages.
Modi, standing alongside Starmer during a media appearance, described the deal as a "blueprint for our shared prosperity".
Britain and India are the sixth and fifth largest global economies respectively, with a trade relationship worth around GBP41 billion and investment supporting more than 600,000 jobs across both countries.
The accord slashes tariffs on imports of UK goods into India, including whisky, cosmetics and medical devices.
In return, the United Kingdom will cut tariffs on clothes, footwear and food products including frozen prawns from India.
Starmer and Modi were also likely to discuss last month's Air India disaster in which 241 people died when a London-bound flight crashed after taking off from Ahmedabad in western India.
Some 169 Indian passengers and 52 British nationals were killed in the June 12 crash, one of the deadliest plane disasters in terms of the number of British fatalities.
A lawyer for 20 British families said this week the repatriation of victims had been marred by errors with one relative finding that a returned coffin contained "co-mingled" remains.
A different family was told a coffin contained the body of someone else entirely, not their loved one, he said, according to UK media.
India's foreign ministry has said all remains "were handled with utmost professionalism" and that it is "continuing to work with the UK authorities on addressing any concerns related to this issue".
Another tricky topic of discussion could be that of Scottish sikh blogger Jagtar Singh Johal, imprisoned in India since 2017 on accusations of being part of a terror plot against right-wing Hindu leaders.
He has not been convicted of a crime and in March was cleared of one of the nine charges against him.
His brother Gurpreet Singh Johal said in a statement the case "should be high on the agenda" during the two leaders' meeting.
Starmer and Modi have met twice recently, at the G7 summit in Canada last month and at the G20 meeting in Brazil last year.
Modi was also due to see King Charles III during his brief stay in Britain, his fourth visit since becoming India's leader in 2014. The accord slashes tariffs on imports of UK goods into India, including whisky, cosmetics and medical devices AFP
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Int'l Business Times
12 hours ago
- Int'l Business Times
Battling Tariffs Is No Trivial Pursuit For US Games Retailer
At a strip mall in Maryland, a miniature landscape extends across a table between Dash Krempel and his friend as a war game unfolds. But their hobby is becoming more expensive as US tariffs take a toll. Krempel, 29, told AFP the cost of models for tabletop games have surged from inflation, and continued rising since US President Donald Trump imposed sweeping tariffs on trading partners this year. UK-made figurines that cost $60 around three years ago now go for $94.50, he said. "Prices have gotten bigger," he added. "It's a very expensive hobby to begin with, so it's maybe pricing a lot of people out." Instead of buying more products, he now tries to support retailer Game Kastle College Park by renting tables to play in-store. For the shop's owner, Boyd Stephenson, stocking new board games, paints and hobby supplies has only become more challenging. To avoid the harshest of Trump's tariffs, some suppliers had to delay shipments or postpone new releases. As they raised their suggested retail prices, so has Stephenson at Game Kastle. About a fifth of his store's products have seen cost hikes, with increases ranging from 5 percent to 20 percent. "If we see higher prices or higher tariffs, I'm going to see higher wholesale prices, and then I have to raise my prices accordingly," he said. Asked what percentage of his store relies on imports, Stephenson replied: "Almost all of it." Stephenson estimates some 7,000 board games were released last year from 5,000 different companies. "You're really looking at 5,000 different approaches (to tariffs)," he said. "Some producers are saying, 'We're going to eat the cost.' Some producers are saying, 'We're passing the cost through all the way.' And other producers are doing some sort of mix of that." Like other US retailers, Stephenson could face more cost pressures come August 1, when steeper tariffs are set to hit dozens of economies like the European Union and India. The elevated rates mark an increase from the 10 percent levy Trump imposed on goods from most economies in April. While China -- a crucial manufacturing hub for games -- is temporarily spared, Trump has separately imposed fresh 30 percent tariffs on products from the world's second biggest economy this year. US tariffs on Chinese products could return to higher levels from August 12 if officials fail to extend their truce. Yet, there is no quick fix to return manufacturing to the United States. "US manufacturers just don't have the capacity to do that anymore," said Stephenson, showing an intricate board game figurine. "Really, the people that are good at that, that's China," he said. "The best modeling paints come from Spain." "So if you see tariffs get put up on the EU, then all of a sudden I'm going to have to pay higher prices on modeling paint when I bring it into the country," he added. Trump has threatened the bloc with a 30 percent tariff. Stephenson tries to absorb some cost hikes, but said: "I have to be able to pay the staff, pay the electric company, pay the landlord." Trump's on-again, off-again approach to duties has also made suppliers' price changes more unpredictable. "What is always universally bad for business is uncertainty," Stephenson said. He usually stocks up on inventory ahead of the year-end holiday season, but expects to be more strategic with purchases this year to avoid unwelcome surprises. Many companies are delaying merchandise imports as they lack certainty, said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation. "When the product is brought into the country and entered into commerce, you have 15 days to pay your tariff bill," he said. This causes problems when tariff rates change and businesses lack funds to pay for orders. Some businesses, and industry group the Game Manufacturers Association, have mounted legal challenges against Trump's blanket tariffs hitting various countries, noting nearly 80 percent of tabletop games sold in the US are made abroad. But such complaints are an uphill battle. "The damage, especially for small retailers, has been significant," Gold said. A US games retailer has been forced to hike costs as some suppliers raised their wholesale prices due to President Donald Trump's tariffs AFP Boyd Stephenson, owner of Game Kastle College Park, says uncertainty is universally bad for business AFP US tariffs on China-made products could bounce to higher levels from August 12 if officials fail to extend a current truce AFP


DW
a day ago
- DW
India: Modi boosts Maldives ties as China looms – DW – 07/26/2025
Indian Prime Minister Narenda Modi visited the island nation this weekend to boost political and economic ties. Modi said his country was committed to 'supporting the aspirations of the Maldivian people.' Indian Prime Minister Narenda Modi on Saturday wrapped up a two-day visit to the Maldives during which he strengthened diplomatic and economic ties with the Indian Ocean island nation which has increasingly been drifting into China's orbit. After being elected to office on an anti-India, pro-Chinaplatform in 2023, Maldives President Mohamed Muizzu insisted on, and secured, the withdrawal of Indian military personnel who operated search-and-rescue aircraft in the archipelago. Tensions escalated last year when Muizzu visited China before India, a move widely interpreted in New Delhi as a diplomatic snub. In response, Indian moves to promote tourism off its own south coast were seen by Maldivians as an attempt to lure wealthy Indian tourists away from their country. Muizzu has since toned down his anti-India rhetoric, however, and said in a banquet speech alongside Modi on Friday: "India has long stood as the Maldives' closest and most trusted partner." Modi's visit coincided with celebrations marking the 60th anniversary of the Maldives' independence from British rule in 1965, but also amid growing concern about the Maldives' struggling economy and foreign exchange shortage. Shortly after his arrival on Friday, Modi unveiled a $565 million credit line and announced a reduction in repayments of an earlier credit line from $51 million to $29 million annually. The two countries also discussed a potential free-trade agreement. "We deeply value the friendship of India and are grateful for the timely assistance your country has extended to us in moments of need," said Muizzu, adding later on social media that Modi's visit had set "a clear path for the future of Maldives-India relations." During his visit, Modi also inaugurated several India-funded infrastructure projects, including a new defense ministry headquarters, new roads and a 4,000-unit housing scheme. "India remains committed to supporting the aspirations of the Maldivian people," Modi wrote on social media. "Our relationship continues to grow, shaped by people-to-people ties and cooperation in various sectors." Key among those sectors are key Indian Ocean shipping lanes, many of which pass through the 1,192 islands which make up the Maldives, stretching across 800 kilometers (500 miles) of the equator. The pristine beaches may have helped the Maldives establish a reputation for luxury tourism, but the region is also a geopolitical hotspot.


Int'l Business Times
a day ago
- Int'l Business Times
Britain Leads Calls For Airdrops As Gaza Hunger Crisis Deepens
International pressure was mounting on Saturday for alternative ways to be found to deliver food to hungry Palestinian civilians in Gaza, with Britain vowing to back airdrops. The UK decision to support the plans of regional partners Jordan and the United Arab Emirates came as pro-Palestinian activists piloted a symbolic aid vessel towards the shores of Gaza in defiance of an Israeli naval blockade. On the ground, the territory's civil defence agency said at least 40 more Palestinians had been killed in Israeli military strikes and shootings. Humanitarian chiefs are deeply sceptical that airdrops can deliver enough food to tackle the deepening hunger crisis facing Gaza's more than two million inhabitants and are instead demanding that Israel allow more overland convoys. But British Prime Minister Keir Starmer backed the idea, vowing to work with Jordan to restart airdrops -- and with France and Germany to develop a plan for a lasting ceasefire. An Israeli official told AFP on Friday that airdrops in Gaza would resume soon, adding they would be conducted by the United Arab Emirates and Jordan. Starmer's office said that in a call with his French and German counterparts, the "prime minister set out how the UK will also be taking forward plans to work with partners such as Jordan to airdrop aid and evacuate children requiring medical assistance". The United Arab Emirates said it would resume airdrops "immediately". "The humanitarian situation in Gaza has reached a critical and unprecedented level," Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan said in a post on X. "Air drops are resuming once more, immediately." A number of Western and Arab governments carried out air drops in Gaza in 2024, at a time when aid deliveries by land also faced Israeli restrictions, but many in the humanitarian community consider them ineffective. "Airdrops will not reverse the deepening starvation. They are expensive, inefficient and can even kill starving civilians," said Philippe Lazzarini, head of the UN agency for Palestinian refugees. Israel imposed a total blockade on the entry of aid into Gaza on March 2 after talks to extend a ceasefire in the now 21-month-old conflict broke down. In late May, it began to allow a trickle of aid to enter. Israel's military insists it does not limit the number of trucks going into the Gaza Strip, and alleges that UN agencies and relief groups are not collecting the aid once it is inside the territory. But humanitarian organisations accuse the Israeli army of imposing excessive restrictions, while tightly controlling road access within Gaza. A separate aid operation is under way through the Israeli- and US-backed Gaza Humanitarian Foundation, but has faced fierce international criticism after Israeli fire killed hundreds of Palestinians near distribution points. On Saturday, pro-Palestinian activist group Freedom Flotilla said its latest aid boat, the Handala, was approaching Gaza and had already got closer than its previous vessel, the Madleen, which was intercepted and boarded by Israeli forces last month. The Israeli military said it was monitoring the situation and was prepared to enforce what it called its "legal maritime security blockade". Gaza's civil defence agency said Israeli fire killed 40 people on Saturday, including 14 killed in separate incidents near aid distribution centres. One of the 14 was killed "after Israeli forces opened fire on people waiting for humanitarian aid" northwest of Gaza City, the agency said. Witnesses told AFP that several thousand people had gathered in the area. Abu Samir Hamoudeh, 42, said the Israeli military opened fire while people were waiting to approach a distribution point near an Israeli military post in the Zikim area, northwest of Sudaniyah. The Israeli military told AFP that its troops fired "warning shots to distance the crowd" after identifying an "immediate threat". It added that it was not aware of any casualties as a result of the fire. Media restrictions in Gaza and difficulties in accessing many areas mean AFP is unable to independently verify tolls and details provided by the civil defence agency and other parties. Israel launched its military campaign in Gaza after Hamas's October 2023 attack resulted in the deaths of 1,219 people, most of them civilians, according to an AFP tally based on official figures. The Israeli campaign has killed 59,733 Palestinians, mostly civilians, according to the health ministry in the Hamas-run territory. Pro-Palestinian activists gather on the dockside in Italy earlier this month to watch the Hamdala set sail for Gaza in a symbolic bid to breach Israel's blockade. AFP Hidaya al-Mutawaq, 31, cradles her sick 18-month-old son Mohammed, who is showing signs of malnutrition, inside their tent in Al-Shati refugee camp, west of Gaza City. AFP