UK and India to Resume Stalled Free Trade Talks in 2024

Brazil, Nov 20 (Alliance News): Britain and India have agreed to restart stalled talks for a free trade agreement (FTA), following a productive meeting between UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi at the G20 summit in Brazil.

Starmer, who assumed office in July, emphasized the potential benefits of the deal, stating it would support job creation and economic growth in the UK.

He expressed optimism about deepening ties between the two countries, including cooperation on security, education, technology, and climate change.

“A new trade deal will support jobs and prosperity in the UK — and represent a step forward in our mission to deliver growth and opportunity across the country,” Starmer wrote on social media.

Downing Street confirmed the talks will resume “in the new year,” marking a significant step in Britain’s efforts to establish new trade relations following its exit from the European Union.

India’s foreign ministry expressed confidence in the ability of negotiators to address outstanding issues and move toward a mutually beneficial agreement.

Negotiations for the free trade agreement, which began nearly three years ago, had stalled under the previous Conservative government, which struggled with issues like visa policies and tariffs, particularly over British whisky exports.

India has sought increased UK work and study visas for its citizens in exchange for lowering tariffs on British goods.

Despite challenges, the deal remains a strategic priority for Britain as it seeks to diversify its trade relations.

While Britain has secured deals with countries like Australia, New Zealand, and Singapore, negotiations with the United States and Canada have faced setbacks.