India and the UK are advancing their Comprehensive Economic and Trade Agreement (CETA) to boost bilateral trade, aiming to double trade volume by 2030 under the guidance of Piyush Goyal and Peter Kyle.
- Union Minister Piyush Goyal and UK Secretary of State for Business Peter Kyle met to discuss operationalizing the Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom.
- The ministers agreed to reposition the Joint Economic and Trade Committee (JETCO) to oversee the implementation of CETA, targeting a doubling of bilateral trade by 2030.
- Key sectors for cooperation under CETA include sustainable energy and information technology, highlighting the strategic economic partnership between India and the United Kingdom.
Why It Matters
This advancement in the Comprehensive Economic and Trade Agreement (CETA) reflects the growing economic ties between India and the United Kingdom, potentially enhancing trade relations and economic growth in both nations amid global trade dynamics.