India and UK Strengthen Trade Ties with New Economic Agreement in Mumbai Meeting

India and the UK are enhancing their trade relations with the operationalization of the Comprehensive Economic and Trade Agreement (CETA), aiming to double bilateral trade by 2030.

Union Minister Piyush Goyal and UK Secretary of State Peter Kyle met in Mumbai to discuss the Comprehensive Economic and Trade Agreement (CETA) and its implementation.
The ministers agreed to reposition the Joint Economic and Trade Committee (JETCO) to supervise the operationalization of CETA, which targets key sectors for growth.
Both nations aim to double bilateral trade by 2030, reflecting a commitment to strengthen economic ties between India and the United Kingdom.

Why It Matters

This agreement signifies a pivotal step in enhancing economic cooperation between India and the United Kingdom, potentially impacting global trade dynamics and setting a precedent for future bilateral agreements.