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India, UK ink landmark free trade agreement concluding years of negotiations, PM Modi announces
India and the United Kingdom finalised a landmark bilateral free trade agreement (FTA) on Tuesday (May 6).
Prime Minister Narendra Modi announced the completion of the deal in a post on social media platform X (formerly Twitter).
The deal, which PM Modi described as 'ambitious and mutually beneficial,' also includes a Double Taxation Avoidance Convention. It is expected to catalyse trade, investment, job creation, and innovation across both economies.
'These landmark agreements will further deepen our Comprehensive Strategic Partnership, and catalyse trade, investment, growth, job creation, and innovation in both our economies.'
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The agreement comes after years of negotiations and is seen as a major win for both governments.
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