Latest news with #Lammy
Hindustan Times
6 hours ago
- Business
- Hindustan Times
UK-India vision 2035 roadmap to boost trade and defence cooperation
A new UK-India Vision-2035 roadmap will be unveiled by Prime Minister Keir Starmer and his Indian counterpart Narendra Modi on Thursday to set "clear goals and milestones" across a range of areas such as defence, technology and energy, British Foreign Secretary David Lammy said. This week we are excited to be agreeing the UK-India Vision 2035, a new agreement that sets ambitious goals for both the UK and India, said Keir Starmer.(via REUTERS) In an interview to PTI, Lammy said the UK-India Free Trade Agreement (FTA) will naturally be a central focus of the Modi-Starmer talks, and described the deal as a testament to the strength of the partnership between the two nations. The landmark FTA would significantly improve market access and boost bilateral trade by around USD 34 billion annually, the UK said hours before the deal is signed. Lammy said the UK-India Vision-2035 will build on the FTA to unlock new opportunities that strengthen defence cooperation and drive innovation between both economies. The UK is "thrilled" that Prime Minister Modi is visiting to sign the FTA, the most "significant" bilateral trade deal for Britain since leaving the European Union (EU) and the "most comprehensive" agreement India has ever signed, he said. It's projected to boost bilateral trade by 25.5 billion pounds, increase UK GDP by 4.8 billion pounds, and raise wages by 2.2 billion pounds annually in the long term. But the visit will go much further than trade. This is about the revitalised partnership between the UK and India. "UK-India Vision 2035 is an ambitious, future-focused agreement between our leaders to deliver growth, prosperity, and security for people in both countries," he said. Expanding on the new pact, the Foreign Secretary said it sets clear goals and milestones across defence and security, technology and innovation, climate and clean energy, and education. "This week we are excited to be agreeing the UK-India Vision 2035, a new agreement that sets ambitious goals for both the UK and India to achieve and marks a step-change in our relationship for the decade ahead," the minister said. "Building on the trade deal, together, this new work plan will see us unlock new opportunities for bilateral trade and investment to thrive, strengthen our defence cooperation, and work together to drive innovation and shape the technologies of tomorrow. We will also accelerate our joint efforts to tackle climate change along with nurturing the next generation of global talent through our education and skills partnership," he said. Lammy highlighted that UK-India Vision 2035 introduces new areas of cooperation such as advanced technologies, critical minerals, and green finance and establishes more robust mechanisms for delivery in areas where both countries already work together. "It will ensure our partnership remains not only relevant and transformative but focused on the challenges of the future. And we'll review this vision annually, ensuring the partnership remains dynamic, aligned, and responsive to rapid global change," he said. On the foreign policy front, the minister described India as a "pivotal partner" in the Indo-Pacific and the Indian Ocean Region, aligned in the UK's shared commitment to a free, open, and secure region. "India is the emerging superpower of the 21st century, the largest country in the world with 1.4 billion people and the fastest growing major economy in the world. Through Vision 2035, and the trade deal the Prime Ministers will sign today, the UK is in the best position to partner with India over the next decade," stressed Lammy. "This includes through increased defence cooperation, strengthening our ability to tackle shared threats like terrorism and cybercrime, whilst promoting peace and security in the Indo-Pacific and beyond," he said. Asked about the development partnership between India and the UK, which transformed in 2015 from a direct aid funding approach to an investment-led one, but continues to be misrepresented in sections of the UK's right-wing press. "We haven't provided direct funding to the Indian government since 2015. Instead, we invest in projects that support India's climate goals and sustainable development, which have also delivered financial returns for the UK," said Lammy. "India's development matters globally. As the world's most populous country, its choices on climate and growth will shape global outcomes. Supporting India's green transition helps protect the world's most vulnerable, advances the Sustainable Development Goals (SDGs), and contributes to UK priorities like economic growth, trade, and national security," he said. Modi is being hosted by Starmer for wide-ranging talks at his Chequers countryside retreat in Buckinghamshire, south-east England, on Thursday when both leaders are expected to oversee the signing of the FTA that is aimed at doubling bilateral trade to around USD 120 billion by 2030.
News18
11 hours ago
- Business
- News18
Foreign News Schedule for Jul 24, Thursday
**** India, UK to unveil mega roadmap to boost ties, ink landmark FTA FTA, UK-India Vision 2035 mark step-change in bilateral ties: Foreign Secretary Lammy India calls for ceasefire in Gaza, says intermittent pauses 'not enough' Days of US tech companies building factories in China, hiring workers in India 'over': Trump Stories on developments in Pakistan.
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Business Standard
12 hours ago
- Business
- Business Standard
FTA, UK-India Vision 2035 mark shift in bilateral ties: Foreign secy Lammy
Besides a "significant and comprehensive" Free Trade Agreement (FTA) to be signed between Prime Ministers Narendra Modi and Keir Starmer, an ambitious new UK-India Vision 2035 agreement will also be agreed between the leaders on Thursday to mark a "step-change" in bilateral ties for the next decade, UK Foreign Secretary David Lammy has said. In an interview with PTI to coincide with Modi's visit to the UK, the senior UK Cabinet minister said the pact will build on the FTA to unlock new opportunities that strengthen defence cooperation and drive innovation between both economies. Lammy said the UK is thrilled that Prime Minister Modi is visiting to sign the FTA, the most significant bilateral trade deal for Britain since leaving the European Union (EU) and the most comprehensive agreement India has ever signed. The UK-India Free Trade Agreement (FTA) will naturally be a central focus, a testament to the strength of our partnership, said Lammy. It's projected to boost bilateral trade by GBP 25.5 billion, increase UK GDP by GBP 4.8 billion, and raise wages by GBP 2.2 billion annually in the long term. But the visit will go much further than trade. This is about the revitalised partnership between the UK and India. "UK-India Vision 2035 is an ambitious, future-focused agreement between our leaders to deliver growth, prosperity, and security for people in both countries, he said. Expanding on the new pact, the Foreign Secretary said it sets clear goals and milestones across defence and security, technology and innovation, climate and clean energy, and education. This week we are excited to be agreeing the UK-India Vision 2035, a new agreement that sets ambitious goals for both the UK and India to achieve and marks a step-change in our relationship for the decade ahead, the minister said. Building on the trade deal, together, this new work plan will see us unlock new opportunities for bilateral trade and investment to thrive, strengthen our defence cooperation, and work together to drive innovation and shape the technologies of tomorrow. We will also accelerate our joint efforts to tackle climate change along with nurturing the next generation of global talent through our education and skills partnership, he said. Lammy highlighted that UK-India Vision 2035 introduces new areas of cooperation such as advanced technologies, critical minerals, and green finance and establishes more robust mechanisms for delivery in areas where both countries already work together. It will ensure our partnership remains not only relevant and transformative but focused on the challenges of the future. And we'll review this vision annually, ensuring the partnership remains dynamic, aligned, and responsive to rapid global change, he said. On the foreign policy front, the minister described India as a pivotal partner in the Indo-Pacific and the Indian Ocean Region, aligned in the UK's shared commitment to a free, open, and secure region. India is the emerging superpower of the 21st century, the largest country in the world with 1.4 billion people and the fastest growing major economy in the world. Through Vision 2035, and the trade deal the Prime Ministers will sign today, the UK is in the best position to partner with India over the next decade, stressed Lammy. This includes through increased defence cooperation, strengthening our ability to tackle shared threats like terrorism and cybercrime, whilst promoting peace and security in the Indo-Pacific and beyond, he said. Asked about the development partnership between India and the UK, which transformed in 2015 from a direct aid funding approach to an investment-led one but continues to be misrepresented in sections of the UK's right-wing press. We haven't provided direct funding to the Indian government since 2015. Instead, we invest in projects that support India's climate goals and sustainable development, which have also delivered financial returns for the UK, said Lammy. India's development matters globally. As the world's most populous country, its choices on climate and growth will shape global outcomes. Supporting India's green transition helps protect the world's most vulnerable, advances the Sustainable Development Goals (SDGs), and contributes to UK priorities like economic growth, trade, and national security, he said. Modi is being hosted by Starmer for wide-ranging talks at his Chequers countryside retreat in Buckinghamshire, south-east England, on Thursday when both leaders are expected to oversee the signing of the FTA that is aimed at doubling bilateral trade to around USD 120 billion by 2030.
Middle East Eye
2 days ago
- Politics
- Middle East Eye
UK Foreign Secretary David Lammy warned he could 'end up in The Hague' over Gaza 'cowardice'
UK Foreign Secretary David Lammy has been warned he could "end up in The Hague" due to his "inaction" and "cowardice" over Israel's genocidal war on Gaza. Conservative MP Kit Malthouse addressed Lammy in the House of Commons on Monday after the foreign secretary announced that the UK and 24 other countries were once again urging Israel to commit to a ceasefire. Lammy said that the UK was setting aside £60m ($84m) in humanitarian assistance to Gaza. But the Labour MP for Tottenham stopped short of suggesting his government would be recognising a Palestinian state - which he is under pressure from MPs to do so ahead of a UN conference at the end of this month.
Middle East Eye
2 days ago
- Politics
- Middle East Eye
Nearly 60 British MPs and peers call for full arms embargo on Israel
Nearly 60 British MPs and peers have called for a full embargo on arms exports to Israel and for the government to be more transparent about the licences it grants for military exports. Their demands, outlined in a 18 July letter sent to Foreign Secretary David Lammy and Business Secretary Jonathan Reynolds, come as Lammy has warned Israel of further sanctions if it does not reach a ceasefire in Gaza. The UK joined 27 other countries, including Australia, Canada and France, to condemn Israel for depriving Palestinians of "human dignity", and urged the Israeli government to immediately lift restriction on flow of aid. "We've announced a raft of sanctions over the last few months," Lammy told ITV's Good Morning Britain on Tuesday. 'There will be more, clearly, and we keep all of those options under consideration if we do not see a change in behaviour and the suffering that we are seeing come to an end.' Read more: Nearly 60 British MPs and peers call for full arms embargo on Israel British Foreign Secretary David Lammy speaking about Israel in the Commons on 21 July 2025 (House of Commons/AFP)
